Crypto-currency exchange Vault of Satoshi in early March announced they would be ceasing operations in the United States due to what was described as an “increasingly hostile” regulatory environment.
On Thursday, the company announced (via Reddit) they would be recommencing operations in the United States, with a small catch. Only in one state for now.
They write:
[blockquote style=”2″]We’ve said it again and again, “America, we’re coming back!”, we told you we were working every day to pursue our return to the US market and that shortly we’d be announcing our roll out on a state by state basis.[/blockquote]
The first state to be included back into the Vault of Satoshi network is South Carolina.
Traders in the state will now be able to trade coin-to-coin at what the exchange calls “Level 1 verification” — which just requires the user to create their account and select their country as the ‘United States’ and State to ‘South Carolina’.
For the traders who wish to trade from fiat-to-coin and vice-versa, they will be required to obtain “Level 2 verification” — submitting legal identification and proof of residency.
The Canada-based company also added:
[blockquote style=”2″]Over the next few weeks we’ve got some pretty exciting announcements about new payment methods, changes to our coin to coin system, new coins, and great new features! Stay tuned for more on this, as well as coverage of our continued US roll out![/blockquote]
The company’s director of marketing, Adam Cochran, said “It may be one small step, but it feels good to be back. We’re hard at work getting back to you America!”
[textmarker color=”C24000″]Image[/textmarker] Rafael Matsunaga