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Author Topic: Last remaining legal bitcoin derivatives site for US traders now bans Americans  (Read 441 times)
bitcoinmarkets (OP)
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February 23, 2016, 10:37:59 AM
Last edit: March 18, 2016, 09:01:23 PM by bitcoinmarkets
 #1

Since the wave of crackdowns from the CFTC on bitcoin derivatives players, it's been a really uncertain place. OKCoin and BitMEX both banned US customers and there was really only one place you could legally trade  bitcoin derivatives as an American: CryptoFacilities

However now there's no safe place for Americans to use reliable hedging products, because CryptoFacilities 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.

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February 23, 2016, 10:50:30 AM
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Main yaha par naya hu..... 😊😊😊😊😊😊😊😊😊

w....what?

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