Abra Restricting Crypto Access in the US Due to Regulatory Uncertainty

The crypto investment platform Abra says regulatory uncertainty is triggering some major changes in the United States.

Starting August 29th, users in America will no longer be able to hold Qtum, Bitcoin Gold, EOS, OmiseGo and Status. Users who hold other “synthetic” assets (which give users exposure to a given cryptocurrency’s price movements without actually holding the coin) will see those assets automatically moved to a native, hosted wallet.

In New York, users will only be able to hold four of Abra’s 30 cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

People that don’t withdraw their assets by the 29th will see their holdings automatically converted into Bitcoin. Abra says the changes are part of its ongoing efforts to ensure it remains compliant. Read More at DailyHODL...

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