BitWage stops USDC payments for US residents – Bits Media

Bitwage company, providing wage conversion services in crypto assets, reported, that it will no longer be able to make payments in USDC stablecoins for US residents.

According to the letter Bitwage, United States residents must choose a different direction Convertation of salary, eg, In bitcoins, Cusd stabiblcoins (Even), Tether (USDT) DAI, or other crypto assets available on the platform. At the same time, restrictive measures do not apply to US non -residents.

The Bitwage team warned users, that they should withdraw from their accounts USD Coin stableco (USDC) no later 13 july. Otherwise, the remnants of funds will be converted into the initial fiat currency, And the amount was returned to user bank accounts.

At the same time, the initial settings of user accounts, violating the requirements of Bitwage, will be unilaterally blocked. And to continue the service, it will be necessary to re -configure wallets and bank accounts, Before listing the next salary.

Earlier, analysts of the Berengerg investment bank shared the assumption, that the United States Securities and Exchange Commission (SEC) can choose USDC stabilcoins with its next target for court persecution.