Leading cryptocurrency exchange Poloniex will stop offering nine coins to United States-based customers due to uncertain regulations, according to a blog post published on May 16.
Starting from May 29, Poloniex will stop offering trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers in the U.S. Trading with the aforementioned assets will remain available for the exchange’s customers outside the U.S.
Poloniex said that the decision was motivated by the uncertain regulatory environment in the country. “Specifically, it is not possible to be certain whether U.S. regulators will consider these assets to be securities,” the exchange states.
The legal status of cryptocurrency remains uncertain in the U.S. As previously reported, the U.S. Securities and Exchange Commission’s (SEC) “crypto czar” Valerie Szczepanik said that platforms seeking to list initial exchange offering (IEO) tokens for a fee could find themselves in regulatory trouble. “If they are not registered they will find themselves in trouble in the U.S., if they have a U.S. issuer or U.S. buyers, if they are operating on the U.S. market,” Szczepanik said.