One of the largest cryptocurrency exchanges Bittrex (USA) announced that October 13 will spend delisting the four altcoins, including popular BitShares (BTS).
Are subject to removal the following trading pairs:
BTC/BTS and ETH-BTS (BitShares);
BTC/DRACO (DT Token).
As reports the edition Stock Emperor, the reason for the delisting was the requirement of the securities and exchange Commission (SEC). According to SEC these currencies are securities. And nobody in the US has no right to trade in securities without the permission of the SEC. Here the SEC uses the same argument that Chinese regulators who shut down all virtual exchanges in China just a few days ago.
According to the rules Bittrex, after the delisting of any cryptocurrency market gives users 14 days to withdraw funds from their respective wallets.
According to Coinmarketcap, BitShares was in 43rd place in terms of market capitalization (about $155 million), and in a few minutes fell by 24%. Price DRACO fell by 60%, DAR – 58%. This means death for these virtual online coins and large losses to unfortunate investors.
Recently, the Commission on trade in commodity futures the US launched an investigation into the speculation etherеum when its price dropped from $317,81 to 10 cents in a millisecond.
See also: Europol called cryptocurrency used by cybercriminals