“It’s simply not economically viable for us to proceed to function within the present U.S. regulatory and financial surroundings,” mentioned Bittrex co-founder and CEO Ritchie Lai within the assertion. “Regulatory necessities are sometimes unclear and enforced with out acceptable dialogue or enter, leading to an uneven aggressive panorama,” he continued. “Working within the U.S. is now not possible.”
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitwise CEO Hunter Horsley says the firm’s...
Crypto firms have spent years trying to gain direct access to the plumbing of the U.S. financial system. Kraken has...
Lux Thiagarajah argues that decentralized technology is not displacing banks but “re-platforming” them. According to him, regulated entities will remain...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Coinbase’s chief publicly accused big banks of...
The UK Gambling Commission is examining whether licensed gambling operators across the UK could accept cryptocurrency payments, launching what officials...
