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w....what?
Topic: Last remaining legal bitcoin derivatives site for US traders now bans Americans (Read 433 times)
February 23, 2016, 05:50:30 AM
w....what?
February 23, 2016, 05:37:59 AM
Since the wave of crackdowns from the CFTC on bitcoin derivatives players, it's been a really uncertain place. OKCoin and BitMEX both banned US customers and there was really only one place you could legally trade bitcoin derivatives as an American: CryptoFacilities
However now there's no safe place for Americans to use reliable hedging products, because CryptoFacilities has announced they have to ban US traders due to regulatory pressure and uncertainty:
http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more
I'm worried that the US will be experiencing a "brain drain" of talent who go to Europe and Asia to develop such technologies rather than deal with the US regulatory environment.
I hope things change, but the US is going to be left behind if this keeps up.
However now there's no safe place for Americans to use reliable hedging products, because CryptoFacilities has announced they have to ban US traders due to regulatory pressure and uncertainty:
http://www.bitcoinfuturesguide.com/bitcoin-blog/news-updates-from-fca-regulated-bitcoin-derivatives-exchange-cryptofacilities-us-traders-banned-insured-block-chain-settlement-free-more
I'm worried that the US will be experiencing a "brain drain" of talent who go to Europe and Asia to develop such technologies rather than deal with the US regulatory environment.
I hope things change, but the US is going to be left behind if this keeps up.
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