17:03 Friday , August 03rd 2018

Genesis Mining, a provider of managed cloud mining, announced that it is resuming operations in the United States after South Carolina regulators withdrew a cease and desist order against the firm. Contracts serving U.S. residents have been disabled for five months up until now since March 9, 2018.



This move is in line with the general trend of regulators warming up to cryptocurrencies. As CCN reported, the SEC declared that both bitcoin (BTC) and ethereum (ETH) are not securities, which means that they do not have to conform to strict securities regulations.