IDEX Seems to be Shutting up Shop in New York

IDEX Seems to be Shutting up Shop in New York
фото показано с : cryptoslate.com

2018-10-24 14:30

Wall Street may seem to be primed for a cryptocurrency revolution, but the regulatory fortress of global finance doesn’t seem to be letting down its guard. Come Oct. 25, New Yorkers looking to trade on IDEX will likely be in the market for a new decentralized exchange.

Announced in a tweet Tuesday, the ERC20 DEX will be closing the book on new orders coming from IP addresses in the Big Apple, while maintaining full service for cancels and withdrawals.

***Notice: #IDEX will begin blocking new orders from users with New York State IP addresses on Thursday, October 25th (6pm UTC). Cancels and withdrawals will remain active.

— Aurora (IDEX) *Not Giving Away ETH* (@Aurora_dao) October 24, 2018

Where IDEX will apparently ensure affected users will be able to bow out with all holdings, some wouldn’t seem keen on the notion of the “first real-time decentralized exchange” barring users.

***Notice: #IDEX will begin blocking new orders from users with New York State IP addresses on Thursday, October 25th (6pm UTC). Cancels and withdrawals will remain active.

— Aurora (IDEX) *Not Giving Away ETH* (@Aurora_dao) October 24, 2018

A chorus of disdain brewed in the tweet’s comment thread, with accusations centered around the notion that the move lands IDEX firmly in the camp of centralization, as it apparently looks to stay out of hot water pulling out of the notoriously regulated New York.

In a flurry of creative criticisms, memes, and rhetorical questions, decentralization proponents seemed to lash the exchange for violating one of their core tenets.

Or, as one user put it:

pic.twitter.com/HkK5X87UP5

— DiddycarterICO (@DIddycarterIco) October 24, 2018

Related: Binance, Kraken, Gate.io Referred to DFS by NY Attorney General for Potential Regulation Violation

Coming in the wake of a state-wide crackdown on three of the world’s leading cryptocurrency exchanges, the reasoning behind the move would draw few question marks.

Like Binance, Kraken, and Gate.io, IDEX is not one of the nine sole exchanges that possess a BitLicense, and cannot legally serve customers in New York State.

For many, however, the apparent departure of IDEX will cast a shadow of doubt over the future of decentralized exchanges, which traditionally have been held up as being impervious to the stipulations of global policy, let alone local.

The post IDEX Seems to be Shutting up Shop in New York appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0105531 (-100%)

new idex york seem shutting seems shop

new idex → Результатов: 9


Децентрализованная биржа IDEX внесла ограничения для трейдеров из Нью-Йорка

С 25 октября трейдеры из штата Нью-Йорк больше не смогут размещать ордера на позиционирующей себя в качестве «децентрализованной» криптовалютной бирже International Distributed Ethereum Exchange (IDEX).

2018-10-24 15:37


Crypto Exchange Aggregator App CoinSwitch Integrates With IDEX Service

The cryptocurrency aggregator known as CoinSwitch has made the announcement that the widely praised decentralized exchange platform, IDEX has been successfully integrated into their system. The new collaboration is not only for the purpose of exposing the power of IDEX’s market to users, but to also help CoinSwitch grow at a faster rate than ever […]

2018-7-19 14:41