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Author Topic: Poloniex gives all New Yorkers 7 days to withdraw all funds  (Read 780 times)
runpaint
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August 02, 2015, 03:07:57 AM
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In accordance with the New York State Department of Financial Services, Poloniex will no longer be allowed to provide services to residents of the State of New York starting on August 8th, 2015. If you are a resident of New York, please take appropriate measures to withdraw your funds by 11:59pm Eastern Daylight Time on August 7th, 2015. For more information or for further assistance, please contact our support staff by going to poloniex.freshdesk.com. To learn more about Bitlicense, you can read this Coindesk article
http://www.coindesk.com/ny-bitcoin-business-45-days-bitlicense/

Posted by busoni@poloniex at 2015-08-02 01:09:31


It's been over 2 months since they required all users to give their name and location before they could withdraw any funds.  Were they already looking at New York regulations at that time? 

Their only reason here is a coindesk article from over a month ago.  So why the 7-day warning?  If there was a new rule in New York that was just announced today, where is the link to that?  If the only rule is over a month old, why didn't they announce it then? 

I'm pretty sure there are people who go on vacation or just don't check every exchange every week, so 7 days really isn't enough notice.  But I guess most New Yorkers are aware of their state's crypto problems, if they're into crypto at all.

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August 02, 2015, 03:20:32 AM
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What happened to po? Why did they fail to comply with the regulation in New York? In the end they admit their failure and only give 7 days' notice!It really has bad impact to their business and the users in New York!
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August 02, 2015, 12:21:16 PM
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This is a shame I am a resident of NYS and Poloniex was one of my favorite sites to use. Guess I will have to go back to cryptsy again Sad
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August 03, 2015, 09:10:57 PM
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This is a shame I am a resident of NYS and Poloniex was one of my favorite sites to use. Guess I will have to go back to cryptsy again Sad

but really it should be a problem for those who live in new york
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August 06, 2015, 09:45:29 PM
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I really feel sorry for the residence of NYC because they have been limited in some things now poloniex is hammering them hard.

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