Bitcoin Company Suspends Its Work After US Regulatory Charges
1Broker, which specializes in issuance of Bitcoin futures, announced its website performance restrictions because of the decision enacted by US financial regulators, CoinDesk reports.
Earlier, the representatives of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission of the USA (CFTC) accused the company of violating federal laws when it allowed investors to conduct trading operations on its platform. As a result, FBI officials blocked the 1broker.com domain.
All the transactions were suspended. Regulators allowed visitors to access the website in read-only mode. Customers have the opportunity to view their balance and the history of financial transactions. The company is currently searching for a lawyer in the United States who is competent to represent corporate interests in the court.
We are currently engaging U. S. counsel who can represent us in the SEC/CFTC case. We expect that this takes a few days.— 1Broker (@1Brokercom) 1 октября 2018 г.
We received the green light from our lawyers to set up a read-only version 1Broker to view balances and transaction history. ETA: 48 hours
1Broker emphasizes that all customers' assets are safe and secure. Now the main task of the company is to ensure that all users have the opportunity to withdraw their funds, but this requires an official permission of the authorities. At the same time, the company has a sufficient money supply to satisfy all withdrawal requests, according to the 1Broker’s statement.
Unfortunately, the settlement of such issues takes some time. The company asks its customers to be patient, although it is ready to start its performance at any time, Patrick Brunner, the executive director of 1pool Ltd, which owns 1Broker, stated.
As previously reported, the Arrington XRP Capital startup decided to abandon the crypto business in the United States because of the requirements of the SEC to provide information on investments.