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Distributed exchange Bancor announces service restrictions for US users and IP addresses

HOME> News> Distributed Exchange Bancor Announces Service Restrictions for US Users and IP Addresses


Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

Etheriam- based decentralized exchange, Bancor , announced the termination of asset trading for US users and IP addresses.

If the user is a U.S. citizen, they will be subject to this restriction even if they do not reside in the U.S. (even if the IP address is not U.S.).

For regulated users, the asset trading function via Bancor Wallet will be unavailable from July 8 this year . On the other hand, it is said that it is still possible to hold the asset in the wallet itself or to transfer money to another wallet.

Bancor’s decision is based on the “increased regulatory uncertainty” over recent movements of the US Securities and Exchange Commission (SEC).

The SEC continues to seize companies that have performed unregistered ICOs one after another, and strengthens the view that the exchange itself, which provides a market for trading tokens considered to be digital securities, also needs to obtain related licenses. You

In November last year, EtherDelta, a decentralized exchange, was fined for offering unregistered digital stock markets.

Following these SEC movements, Binance (Binance), Binance DEX, Bittrex, etc. have all announced the termination of service to US users.

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Author: Yuya 【Coin Desk News】 – Source Post: http://ceesty.com/w15OrY

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