The Luxembourg-based exchange said that all other services will remain unaffected. ---
Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny ***
Wollito Admin
Thursday 24th of August 2023 01:30:00 PM 3 min readBitstamp says it's shutting down its staking service in the U.S. as of September 25 due to the regulatory environment in the country.
The Securities and Exchange Commission (SEC) has been on a warpath against staking, saying it meets the criteria of investment contracts under the Howey Test.
In February, Kraken agreed to shut down its U.S. cryptocurrency-staking operations to settle SEC charges over offering unregistered securities, following a closed-door meeting, CoinDesk reported at the time.
Meanwhile, a report from HashKey Capital shows that the ether Liquid Staking Derivatives market – which is decentralized and non-custodial, unlike services offered by exchanges – is projected to grow by $24 billion in the next two years, and Ether.Fi, a decentralized staking platform, closed a $5.3 million round in May.
Comments
Trade cryptocurrency with ease and enjoy low trading fees!
Quickly and easily trade cryptocurrency at Wollito.com
Find your answers instantly in our Support Center
Taking good care of our customers is our top priority. Wollito Customer Support is here to pro...
Wollito NFT - Coming Soon
List your NFT for FREE with Wollito NFT's.