Crypto Regulation Hits Hard

The e4pool mining pool has announced it is shutting down. The reason? e4pool operates in Russia, and new regulations require mining pool operators to report all participants to the tax authorities and deny access to those who aren’t registered in the state registry. This contradicts the business model and principles of e4pool's operators, making it impossible for them to continue.

Meanwhile, crypto exchange Bybit issued an urgent notice stating that, starting January 8, 2025, it will no longer offer custodial services to French clients. Users are urged to withdraw their assets ASAP, or they’ll be withdrawn automatically. The reason? New French laws prohibiting unauthorized custodians from operating in France. This affects not just residents of France and its territories but all French passport holders.

This is what crypto regulation looks like: today something is allowed (because what isn’t prohibited is permitted), but tomorrow it’s banned. Laws are restricting practices that many of us are used to - practices that harm no one.

That’s the nature of crypto regulation.

Thankfully, Rabbit Swap is registered in Switzerland - one of the most crypto-friendly jurisdictions today. You can still exchange crypto at rabbit.io, without unnecessary restrictions.