Bitcoin Exchange Bitstamp to Exit Washington State Due to Regulatory Constraints
Luxembourg-based bitcoin exchange Bitstamp has announced that after recent regulatory constraints imposed by the State of Washington, it will cease to serve customers from The Evergreen State, effective 20 December. One Reddit user posted the letter, concerned it may be a phishing attempt, which stated: We kindly ask you to withdraw your funds by 20th December 2016 by means of bitcoin or international wire. Your account will be closed after the deadline has expired. As one of the leading bitcoin exchanges that operates out of Luxembourg, the U.K., and the U.S., it hasn’t provided any clear....
Related News
Bitstamp has sent a mail to its customers announcing discontinuation of service in the Washington State area. The impact of regulations targeting cryptocurrencies is being felt again in the United States. This time it is the State of Washington which seems to be at the receiving end after Bitstamp announced that it won’t be providing services in the “Evergreen State”. The platform’s mail to its customers reads, “After long and careful deliberation, we are sorry to inform you that due to recent regulatory constraints imposed by the State of Washington, Bitstamp will cease to serve customers....
Bitfinex, a Hong Kong-based bitcoin exchange, has stopped offering services to customers in the state of Washington. First revealed on Reddit by a user who claimed to have received a message on their BFX account that Bitfinex could no longer offer them services since they are in Washington State. The Reddit poster noted they had not received an email from Bitfinex and were given one day to withdraw funds. Bitfinex did not post any information on its website about the matter. Money Transmitters License Needed. The exchange decided not to pursue a money transmitters license for the state of....
Washington State and Colorado State have become the first states in America to legalize marijuana at the state level. The beginning of green celebrations in the aforementioned states at the beginning of this month led to a satirical piece claiming 37 dead due to marijuana legalization. Many people have applied for commercial licenses from their states to legally grow and distribute marijuana. Concurrently, many followers of legal marijuana news have noted that the majority of legal marijuana dispensaries, medical in most places, recreational in Washington and Colorado, must pay their state....
Bitcoin traders on the Bitstamp exchange platform may want to take note. New features are available that allow traders to better control their moves in the market: stop order and trailing stop order. And if you are like me (not a trader), you're probably asking yourself, what's a stop order and trailing stop order? Bitstamp explains: An order to buy or sell bitcoins when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit. Once the price surpasses the....
Customers who do not verify their Bitstamp accounts by November 13 could have their funds seized by regulatory authorities. On Monday, bitcoin exchange Bitstamp issued a reminder to customers that they have three days to verify their accounts. Following that deadline, the company will close the accounts, and government regulatory agencies can seize any remaining funds. Also Read: Bitstamp Provides Proof Of Bitcoin Solvency As First Step Towards A Real Financial Audit. Unverified Bitstamp Accounts Have Three Days to Comply. Nearly four weeks ago, Bitstamp announced customers had until....