Abra has imposed restrictions on US residents due to regulatory risks

Close up woman hands holding/using smartphone and credit card in front of laptop on the desk. Easy way online shopping concept

The wallet provider Abra announced that it is forced to make changes in the user policy for US residents due to the increased attention of regulators to the industry and the lack of clear rules for working with digital assets. So, Abra will add native support for all the assets that are now present in the wallet in synthetic form.

This will not affect Bitcoin, Bitcoin Cash, Ethereum and Litecoin. At the same time, private keys to the purses with the listed assets will remain on the user’s side.

After migrating to native wallets, new rules for US residents come into force: since August 29, they are prohibited from retaining QTUM, BTG, EOS, OMG and SNT. Note that users from the state of New York will be able to store Bitcoin, BCH, LTC and ETH, but they will not be able to access bank transfer, transfer via an automated clearing house and I / O to American express cards.

All balances for these users will be displayed in BTC.

Recall earlier reported the launch of the investigation of the Commission on Urgent Exchange Trade United States (CFTC) in relation to the platform for trading Bitcoin derivatives BitMEX.

Last month, Binance.com announced its withdrawal from the US market, promising to open a separate, regulated platform in this jurisdiction.

See also:

1 thought on “Abra has imposed restrictions on US residents due to regulatory risks

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: