Exchanges

Bittrex Will No Longer Serve Connecticut Residents

Bittrex exchange will be ceasing all operations for Connecticut residents. After July 31, 2019 all Connecticut customers accounts will be halted. Connecticut residents will have to withdraw their funds before that day.

Last April, New York Department of Financial Services (NYDFS) rejected Bittrex’s application for a BitLicense, forcing Bittrex to cease operations for its New York residents. NYDFS claimed to have found a number of inadequate measures, particularly in the exchange’s compliance program for the Bank Secrecy Act, Anti-Money Laundering, and Office of Foreign Assets Control (OFAC). Bittrex immediately issued a press release.

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

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