Decentralized crypto exchange Bancor has decided to cut access to its trading services for the US-based clients.
In the official announcement on June 18, the Zug-registered company cited the uncertainty in the US crypto laws as the reason behind this strong decision.
“US citizens, domiciliaries or users from US IPs will no longer be able to use Bancor’s web application, bancor .network, to convert tokens,” the announcement noted. “This decision has been made in light of increased regulatory uncertainty; at this time, we believe this is the most judicious decision for all the members of our ecosystem.”
According to the company, this step will help it “to innovate faster and with greater clarity.”