USI-Tech, after only during business in the US for less than a year, closed their doors to US and Canada customers early this year. This type of activity has been pretty common lately, especially with non-US companies. We have seen popular cryptocurrency related companies, such as Binance, close registration and others limit themselves to certain markets. Then there are situations such as Visa closing accounts of European Bitcoin purchasers. Rumor or truth, it's hard being a pioneer for cryptocurrency. Like any pioneer, you are likely to receive the arrows in your back.
USI-Tech is a popular software company from Dubai, known for its success with the Forex. After entering the North America market to provide a software for maximizing Bitcoin growth, they had to make a decision that resulted in a quick exit. It could have been regulation pressures or compliance issues, but the heat surrounding Bitcoin has pressured another company to make modifications. Many people were happy with the results of the software, and were left dumbfounded by the news of their sudden exit. Who knows what type of pressure USI was under to be allowed to enter the market in the 1st place.
It seems that Bitcoin is a threat to many powerful commodities. At least for now, there seems to be significant opposition to the acceptance of Bitcoin in some areas. Both big business and the general public have mixed feelings on the value and legitimacy of Bitcoin. It seems to be just a part of the process of change. I believe that the more people actually learn about Bitcoin and other cryptocurrencies, the less fear and uncertainty they will have. This is because many people have fears that are based on assumptions and hearsay.
As Bitcoin continues to take shots, other cryptocurrencies and associated parties may experience the same. This is expected when comfort zones are challenged. The best bet is to keep on trucking, and not look back. Things will happen that appear threatening and discouraging, but those who value the use of cryptocurrency must be able to weather the storm when it comes. The hope is that it will all be worth it when it's all said and done.
