Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: bitcoinmarkets on February 23, 2016, 10:37:59 AM



Title: Last remaining legal bitcoin derivatives site for US traders now bans Americans
Post by: bitcoinmarkets on February 23, 2016, 10:37:59 AM
Since the wave of crackdowns from the CFTC on bitcoin derivatives players, it's been a really uncertain place. OKCoin (http://www.okcoin.com) and BitMEX (https://www.bitmex.com/register/RrmvSe) both banned US customers and there was really only one place you could legally trade  bitcoin derivatives as an American: CryptoFacilities (http://www.crypto-facilities.com)

However now there's no safe place for Americans to use reliable hedging products, because CryptoFacilities (http://www.crypto-facilities.com) 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.


Title: Re: Last remaining legal bitcoin derivatives site for US traders now bans Americans
Post by: bitcoinmarkets on February 23, 2016, 10:50:30 AM
Main yaha par naya hu..... 😊😊😊😊😊😊😊😊😊

w....what?