The American subsidiary of Bittrex enables customer withdrawals this week (report)

The American subsidiary of Bittrex enables customer withdrawals this week (report)
The US subsidiary of the cryptocurrency platform Bittrex will report on June 15. The upcoming approval takes place a few days after the US district judge Brendan Shannon signed the order from the court in Delaware.
American supervisory authorities have targeted Bittrex in the past few months and accused him of violating the money laundering and investor protection laws. The company registered bankruptcy at the beginning of May and assured that the funds of the customers were "safe and protected".
- as reported According to Coindesk, the American subsidiary of Bittrex will acknowledge with the company on June 15 after the US "is authorized to take all the necessary measures in order to put the granted relief in force".
- The American government rejected the wish of the stock exchange to compensate customers beforehand and described the application as "premature".
"The debtors have not explained why the ownership issues of cryptocurrency systems have to be clarified before confirming the plan. Finally, it is inappropriate to split creditors outside the hearing for confirmation in subordinate classes. For these reasons, which are discussed in more detail below, the application must be rejected," said the authorities.
- The actual problems for Bittrex began last autumn, as US supervisory authorities added It imposed a punishment of $ 53 million due to an alleged violation of the laws to combat money laundering.
- The regulatory pressure caused the platform to do so End Preserver-Spaces = "True"> his operations in the States at the end of March and assured that the funds of the users are "safe and for their access".
- The hurdles for the company were not yet over and in mid-April it received a Wells announcement from the US stock exchange supervision SEC, in which it claimed that it had violated investor protection laws.
- Bittrex Signed A few weeks later, an application for insolvency protection according to Chapter 11: A step that was aimed at its American and Maltese subsidiaries. On the other hand, the submission had no effect on Bittrex Global.
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