RE: The Latest Bitcoin Data for Tuesday, May 15 2018
Incredible look what I discovered
Why are certain assets no longer available for exchange in Exodus?
As you may know, countries all around the world have begun to further define policies and regulations around crypto assets to integrate them into the existing financial regulatory structure.
Due to new financial and legal laws defining some crypto assets as securities and preventing them from being exchanged, our exchange partner, ShapeShift, will be taking the initiative to remove any potentially affected assets, disabling them for certain regions.
What this means is that the exchange availability of certain assets will depend on how your local jurisdiction classifies them.
As of 2 May 2018, the following assets are affected:
BAT, EDG, EOS
Countries where these assets are unavailable:
United States of America
As a result, these assets will become unavailable for exchange within Exodus customers within the specified regions.
We believe in full compliance and business excellence. For an in-depth look at the impact of regulation on the exchange function in Exodus, please read this release from our exchange partner:
https://info.shapeshift.io/blog/2018/04/02/shapeshift-services-change-based-customers%E2%80%99-jurisdiction
This change does not prevent you from storing, sending or receiving crypto assets in Exodus and only affects the built-in exchange feature. You will still have 100% control over your assets since you control your private keys.
We will continue to release updates on this as new information is made available. We're happy to help with any other questions you may have at '[email protected]'.
Last updated on May 14, 2018
Yea...the regulatory uncertainty is hurting coins like EOS. If the SEC does not classify Ethereum as a security, we should see EOS return to the Shapeshift exchange for US users.