Poloniex Shuts Crypto Sales of 9 Tokens Fearing Regulatory Squeeze

Poloniex worries so much about incoming doom by U.S. securities regulators’ that it plans to delist nine tokens at the end of the month.

Customers holding balances must finalize all trades and close any positions in these assets prior to May 29. To withdraw their assets, customers must go to the balances section of their account.

The decision comes as banter picks up that the U.S. Securities and Exchange Commission is readying to swoop in with stricter regulations for ICOs.

In the Medium post, Poloniex states it is committed to complying with regulatory requirements in all jurisdictions. However, the SEC’s wobbling over how to regulate the space has left many in the space, including Poloniex, in limbo.

Reference: https://www.ccn.com/poloniex-shuts-crypto-sales-of-9-tokens-fearing-regulatory-squeeze

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