Poloniex bitcoin exchange was forced to suspend bitcoin service in New Hampshire
Poloniex bitcoin exchange has announced in early next month to suspend in all business activities in New Hampshire. The latest was reduced to a state of regulatory bitcoin victims of new hampshire. Some in the state regulatory environment changes caused by one of the world famous exchange Poloniex had to suspend the business in the region.
The closing notice yesterday was posted on the Poloniex website. According to the information obtained from the exchange, the New Hampshire residents will not be able to open a new account on the exchange platform, the deadline will wait for further notice. At the same time with the exchange account users are asked to stop using their accounts before October 6th. Poloniex has announced that it will now send all New Hampshire user email and details of the cause.
In the closed period, the account owner will not be in the trading platform encryption currency. Poloniex has asked all affected customers to close open transactions and remove all funds platform before October 6th.
Once officially closed, users can only view their account. They can check their account statistics and data download history. In the closed period did not remove the account balance, can only wait until if Poloniex re opened in New Hampshire to return to the user. At the same time the company representatives will also and New Hampshire regulators in close cooperation, and verify the regulation effect of change of exchange and compliance with some additional requirements.
Although digital currency regulations can protect the interests of consumers, but it can easily unduly limit bitcoin. Bitcoin regulations permit from the state of New York, and its influence on bitcoin ecosystem is a good example. Since the New York Financial Services Authority (NYDFS) by the law, many companies have moved away from the state of New York. Affected by the friendly regulatory is not even bitcoin bitcoin exchange, entertainment, trade platform and digital currency community suffered its harm.
Nowadays there are some countries bitcoin is friendly, one country is canada. The government of Canada, through careful planning and implementation of certain laws to create a bitcoin friendly environment here, these companies will not have too much burden. These favorable regulatory measures for digital currency community in Canada has brought vitality.