Poloniex will stop trading nine tokens for US residents

Poloniex Cryptocurrency Exchange imposes restrictions on trade in nine tokens for US residents. At the same time, for users of other countries nothing will change.

1 / On Friday, May 29th, at 4:00 pm UTC, GDS, LSK, NXT, OMNI, and the United States. All assets remain available. https://t.co/eNWeZTjT5X

– Poloniex Exchange (@Poloniex) May 16, 2019

In particular, the site will stop bidding with assets such as ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI and REP. The changes will take effect from May 29.

The reason, as the exchange claims, was “regulatory uncertainty in the US market.”

“We strive to comply with regulatory requirements in each jurisdiction. Today’s actions are the result of regulatory uncertainty in the US market. In particular, we cannot be sure that US regulators will not consider these assets as securities, ”said Poloniex in a statement.

Jeremy Allair, CEO of Circle, the parent company of Poloniex , said he was “deeply disappointed" because he had to take such a step. He also called for a change in US legislation to meet the interests of the cryptocurrency industry as a whole, and investors.

"For many cryptoactive assets, classifying as securities in accordance with US law effectively destroys their usefulness," Alllair wrote on his Twitter account.

Recall recently Poloniex again became available to residents of the US state of Washington. The exchange was forced to temporarily cease operations in this region due to stricter regulation.

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