wry Posted October 18, 2019 #1 Posted October 18, 2019 In some pretty remarkable news today, well known coin exchange Poloniex announced it was being spun off from Circle, e.g. sold, to a private Asian investment group. What's interesting is that just two years ago, Circle bought Poloniex for 400 million USD AND that US traders are being booted from the exchange: Quote U.S. residents have until Dec. 15, 2019 to withdraw their assets, with all trades being suspended on Nov. 1, 2019, the blog post said. I'm really curious if this is partially driven by the IRS guidance on crypto or just other behind the scenes moves towards financially repressing US crypto users. Whatever it is, I'm sure there's more to this story. Link: https://www.coindesk.com/circle-to-spin-out-poloniex-exchange-less-than-2-years-after-400-million-takeover
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