• Latest
Abra Restricts Americans From Holding EOS and 4 Other Altcoins

Abra Restricts Americans From Holding EOS and 4 Other Altcoins

July 26, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

Abra Restricts Americans From Holding EOS and 4 Other Altcoins

coinnewsdaily by coinnewsdaily
July 26, 2019
in Litecoin
0
Abra Restricts Americans From Holding EOS and 4 Other Altcoins
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

California-based crypto wallet service Abra will restrict some services for American users starting from August.

Abra will have to enforce some system modifications due to continued regulatory uncertainty in the United States, according to a blog post on July 25. Notably, American users will no longer be able to hold a number of cryptocurrencies, including EOS (EOS).

U.S. users can’t hold certain altcoins

Specifically, the platform will start migrating its smart contract-based synthetic assets to a native hosted wallet solution, adding that those assets are defined on Abra as anything other than Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

This migration will have a direct impact on some services for U.S. users, including restriction from holding five cryptocurrencies. Namely, Americans will not be eligible to hold  EOS, QTUM, Bitcoin Gold (BTG), OmiseGO (OMG) and Status (SNT) after Aug. 29, 2019, said Abra. The company added that any remaining balances in those assets after that date will be automatically converted to Bitcoin in the app.

But Bitcoin and a few major altcoins are okay

As such, after Aug. 29, New York residents will only be able to hold Bitcoin, Ether, Litecoin and Bitcoin Cash on Abra, the company stated. Additionally, Abra users from New York will no longer be able to use ACH transfers, as well as wire or American express for deposits and withdrawals after Aug 29th, 2019.

At the same time, the migration process is expected to be seamless for the majority of U.S. users, and will allow users to continue managing operations with no interruption. However, the process may cause some operations to be unavailable for a few minutes, the blog post notes.

Recently, major crypto payments firm Circle announced the launch of a new subsidiary in Bermuda to serve non-American customers of its trading platform Poloniex. In the announcement, Circle revealed its plans to introduce new crypto services as a part of the expansion to Bermuda. However, many of those new services will not be available in the U.S., the company said.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

Lightning Labs Designs Monitoring Tool for ‘Layer 2’ Bitcoin Network

Next Post

Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims

Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,032.00-0.41%
  • ethereumEthereum(ETH)$1,578.55-0.70%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$307.230.33%
  • rippleXRP(XRP)$0.4114780.37%
  • cardanoCardano(ADA)$0.3861601.11%
  • dogecoinDogecoin(DOGE)$0.0886982.54%
  • matic-networkPolygon(MATIC)$1.15-0.76%
  • okbOKB(OKB)$39.278.72%
  • solanaSolana(SOL)$24.14-0.05%
  • polkadotPolkadot(DOT)$6.45-0.12%
  • shiba-inuShiba Inu(SHIB)$0.0000122.05%
  • litecoinLitecoin(LTC)$88.160.08%
  • tronTRON(TRX)$0.062542-0.60%
  • daiDai(DAI)$1.00-0.08%
  • cosmosCosmos Hub(ATOM)$13.351.18%
  • chainlinkChainlink(LINK)$7.25-0.47%
  • leo-tokenLEO Token(LEO)$3.79-1.18%
  • moneroMonero(XMR)$182.493.45%
  • ethereum-classicEthereum Classic(ETC)$21.80-0.05%
  • bitcoin-cashBitcoin Cash(BCH)$132.92-1.85%
  • stellarStellar(XLM)$0.0928200.51%
  • crypto-com-chainCronos(CRO)$0.0810570.09%
  • filecoinFilecoin(FIL)$5.29-1.21%
  • algorandAlgorand(ALGO)$0.2558531.18%
  • vechainVeChain(VET)$0.023998-2.15%
  • internet-computerInternet Computer(ICP)$5.95-1.30%
  • aaveAave(AAVE)$85.15-3.58%
  • eosEOS(EOS)$1.09-2.57%
  • elrond-erd-2MultiversX(EGLD)$44.470.44%
  • theta-tokenTheta Network(THETA)$1.09-3.63%
  • tezosTezos(XTZ)$1.10-1.05%
  • paxos-standardPax Dollar(USDP)$1.00-0.22%
  • bitcoin-cash-svBitcoin SV(BSV)$43.47-1.91%
  • huobi-tokenHuobi(HT)$5.100.61%
  • havvenSynthetix Network(SNX)$2.46-2.55%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.990.01%
  • iotaIOTA(MIOTA)$0.236312-2.54%
  • makerMaker(MKR)$659.49-0.08%
  • zcashZcash(ZEC)$45.40-2.02%
  • neoNEO(NEO)$8.20-0.74%
  • dashDash(DASH)$50.50-1.10%
  • zilliqaZilliqa(ZIL)$0.0296712.83%
  • compound-governance-tokenCompound(COMP)$56.69-1.26%
  • basic-attention-tokenBasic Attention(BAT)$0.259538-1.56%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038753-2.79%
  • kusamaKusama(KSM)$36.501.60%
  • bitcoin-goldBitcoin Gold(BTG)$17.15-1.02%
  • wavesWaves(WAVES)$2.82-1.66%
  • qtumQtum(QTUM)$2.64-2.64%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.30-1.90%
  • yearn-financeyearn.finance(YFI)$7,635.09-0.04%
  • golemGolem(GLM)$0.2475360.50%
  • omisegoOMG Network(OMG)$1.48-0.02%
  • ontologyOntology(ONT)$0.214013-2.47%
  • digibyteDigiByte(DGB)$0.010726-2.98%
  • umaUMA(UMA)$2.04-1.12%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%