is closing all activities to United States users

Last updated on August 17th, 2016 at 08:56 pm

The Bitcoin fundraising and trading platform is closing all activities to the North-American users. The company announced the news through their website, but without providing a real explanation, although it’s easy to guess why they are making this decision. The United States keep applying a strong pressure on every cryptocurrency-related business.

The first part of their announcement says that “as of October 8th [this Tuesday], BitFunder will not accept new registrations from any United States persons or entities”.

The same date is valid for “all current BitFunder users who are located in the United States or are determined to be United States persons or entities”, which will not be able to enter into any new positions on the Bitfunder website from now on. Also, “as of November 1, such users will also not be allowed to sell positions on the BitFunder website”.

If you’re not a United States user, but want to keep your account, you’ll still have to supply the information required to obtain the ‘verified’ status before November 1. “Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website” as of that date.

According to the website, the clients can withdraw their holdings and Bitcoins from their accounts before and after the first day of November.

Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.
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