THELOGICALINDIAN - We aloof accustomed chat from US based bitcoin barter MonetaGo that they are shutting bottomward assuredly
MonetaGo provided casework for users to buy and advertise bitcoin with altered acquittal methods in USD, and was a white characterization exchange partnered with AlphaPoint.
It’s cryptic at this time absolutely why the barter is shutting down. In the email beatific to us from the barter they didn’t adduce the acumen for the closure. The email reads,
Users can still login to abjure any funds you may accept larboard on the exchange, but the timeline to cease is actual soon. Last year it was accepted that the exchange had applied for the New York State BitLicense, but it appears that the appliance was never candy or approved.
In an interesting tweet beatific aloof today from the MonetaGo Twitter account, they posted an article from the Huffington Post commendation “Regulators accept acceptable intentions with adventitious consequences.”
Update: Jesse Chenard, CEO of MonetaGo accomplished out to us to analyze what’s accident with the company. He said that MonetaGo is alone shutting bottomward the bitcoin exchange, but the aggregation is blockage in business re-focusing their efforts [on accouterment blockchain solutions] to added businesses. He additionally told us that they are alteration their BitLicense appliance in attack to still seek authoritative approval in New York.
