Recently Poloniex has been acquired by Goldman Sachs-backed Circle. In this regard, the crypto exchange decided to implement new restrictions since it has obtained a lot of pressure from the regulators of the USA lately.
These restrictions include:
- Ban on margin trading for citizens of the States;
- Delisting of three coins: AMP, EXP and GNO tokens.
2/ Please finalize all trades and close any positions in these assets prior to October 10th. Once delisted, you will have 30 days to withdraw any balances in these assets. For more information, please visit our blog. https://t.co/pG9IEoIvq9
— Poloniex Exchange (@Poloniex) October 3, 2018
Poloniex commented on new rules saying that this measures are taken to comply with “regulatory requirements in every jurisdiction”. Once the coins are removed, on October 10, the customers may withdraw any balances in next 30 days. All the trades will be closed on November 9 at 12:00 ET.
Poloniex assured every customer that they were doing every effort to make the transition much smoother.
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