Digital Currency Revolution Series: Bitcoin Bulls Drift In Sideways After Bullish Engulfing – Uphold Long Hedges
Spotlight on Bakkt & CME BTC Futures With Mounting Institutional Interests As Bitcoin Bulls Halt $11k
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Lambda256 joins South Korea project to develop technology that could track illegal dark web transactions
Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Cryptocurrency Derivatives Series: Bitcoin Price Dynamics And Hedging Strategy Ahead of Options Expiry Season
Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Bitstamp bitcoin exchange to cease services in Washington State
Bitstamp, a Luxembourg-based bitcoin exchange, has announced that it will discontinue its services in State of Washington, following the imposition of recent regulatory constraints.
The company made the announcement via a letter to its customers. One Reddit user posted the letter, which stated:
“After long and careful deliberation, we are sorry to inform you that due to recent regulatory constraints imposed by the State of Washington, Bitstamp will cease to serve customers from The Evergreen State, effective 20th December 2016.
We kindly ask you to withdraw your funds by 20th December 2016 by means of Bitcoin or international wire. Your account will be closed after the deadline has expired.
We sincerely apologize for the inconvenience. We are actively working to restart our services within the State of Washington and we will inform you as soon as the situation is resolved.”
Bitstamp celebrated its fifth anniversary this August and is the first and only bitcoin exchange to be fully licensed in all 28 EU member states. It received its first major investment two years ago to the tune of USD 10 million in seed funding from venture capitalist Pantera Capital. Moreover, it recently launched its global online investment campaign on BnkToTheFuture.com.