As of 10th May 2023, US customers are no longer able to ‘Buy’ SHIB due to regulatory concerns. This decision was made by RockWallet to ensure compliance with US laws and regulations related to cryptocurrencies.
What are the regulatory concerns related to SHIB?
The regulatory concerns related to SHIB are primarily related to its classification as a meme-based cryptocurrency.
Can US customers still hold their SHIB coins in their RockWallet?
Yes, US customers can still ’Store’, ’Send’ and ’Receive’ existing SHIB, however, they will not be able to ‘Buy’ or ‘Swap’ SHIB going forward using RockWallet.
Are there any other cryptocurrencies that are affected by the same regulatory concerns as SHIB with RockWallet?
Not at this time, however, the specific regulatory landscape for cryptocurrencies is constantly evolving and can vary depending on the jurisdiction.
Is it possible that SHIB will become available to US customers again in the future?
Absolutely, but it would depend on a variety of factors, including changes to US cryptocurrency regulations and the specific measures taken by the company to address regulatory concerns. At this time, there is no set timeline for when or if SHIB will become available to US customers again.