Cryptocurrency Exchange Poloniex to Suspend New Hampshire Accounts Due to Regulations
Cryptocurrency exchange Poloniex has decided to suspend activity for New Hampshire customers on account of the state’s cryptocurrency regulations, according to a notice posted on the exchange’s website. New Hampshire customers will be instructed by email on how to suspend their accounts. They will have until October 6 to open and close orders and withdraw funds. 2016 Law Covers Virtual Currency. The state’s 2016 law for licensing money transmitters covers virtual currency. “Convertible virtual currency,” according to a state court website, means a digital representation of value that: a)....
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Poloniex has announced temporary suspension of activities in New Hampshire, starting early next month. Bitcoin regulations are painful for both platforms and customers. The latest state to fall victim of Bitcoin regulations is the State of New Hampshire. Certain changes in the regulatory environment of the state have led Poloniex, one of the leading cryptocurrency exchanges to temporarily suspend its operations in the region. The suspension notice was posted yesterday on Poloniex website. According to the exchange, New Hampshire residents will not be able to open new accounts on the....
Online Cryptocurrency exchange Poloniex has announced an end to service in New Hampshire. Due to regulatory changes, the exchange has announced it will be suspending all accounts from opening new margin positions. All New Hampshire customers are asked to close out all current orders and suspend their accounts indefinitely. In a notice posted on the exchange’s website, as well as sent to select users, Poloniex explains its struggle to maintain services despite a rapidly changing regulatory environment: “Our legal team is working closely with the State of New Hampshire Banking Department and....
In a shock announcement, cryptocurrency exchange Poloniex announced it will suspend service to New Hampshire residents from October 6. New Hampshire Residents Must Withdraw Funds. Poloniex posted this announcement on its site: “Due to changes in New Hampshire’s regulatory statute as it applies to cryptocurrency, Poloniex will temporarily suspend New Hampshire account creation until further notice.” This means New Hampshire residents currently using Poloniex will need to close open orders and withdraw funds. This includes those with open margin positions. Poloniex is notifying all affected....
Poloniex exiles New Hampshire, Santander joins hands with Ethereum, and a new copper gadget offers digital payments. Want to catch up on your latest digital currency and tech news? Read the stories below. POLONIEX. Digital currency exchange Poloniex is suspending all services in New Hampshire thanks to new license-based regulations and requirements. Poloniex is giving New Hampshire customers until October 6 to withdraw their funds. Anyone who misses the deadline will have “view-only” access until relations are re-established in the “Live free or die” state. Poloniex has announced it is....
The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits Poloniex With Cease-and-Desist Order, Penalties The SEC announced Monday that “Poloniex LLC has agreed to pay more than $10 million to settle charges for operating an unregistered online digital asset exchange.” From July 2017 through November 2019, Poloniex “facilitated buying and selling of digital asset securities.” The SEC explained that the platform was....