Poloniex Delists 9 Cryptocurrencies in U.S. Amid Regulatory Mire2

In a Thursday announcement, Massachusetts-based and Circle-backed cryptocurrency exchange Poloniex announced it would be delisting nine cryptocurrencies for American users of its platform in light of what it called “regulatory uncertainty in the U.S. market.”

Specifically, Poloniex said it currently wasn’t able to deduce whether the assets in question were unregistered securities, i.e. illegally offered in the view of the U.S. Securities and Exchange Commission (SEC). To err on the side of caution, the exchange committed to delisting, which will take effect on May 29th.

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