Crypto wallet Abra has announced some major changes for its U.S. users due to “continued” regulatory uncertainty in the country. The company will migrate all digital currencies other than BTC, ETH, LTC, and BCH to a native hosted wallet solution.

The U.S. users will no longer be eligible to hold QTUM, bitcoin gold (BTG), EOS, OmiseGO (OMG), Status (SNT) tokens after Aug. 29. Any customer holding any positions in these assets will have to exchange or withdraw their investments before the date. Any remaining balances after Aug. 29 will convert to bitcoin automatically. The users have to do some system modifications around the smart contract-based synthetic assets. With the synthetic asset Abra will expose users to the movements of crypto prices without actually holding the crypto. The users can only deposit into the app from a US bank account, American Express card, bitcoin, bitcoin cash or litecoin. The deposits will later convert into synthetic assets.

The restrictions are even more strict for New York clients. They can only store four digital currencies – Bitcoin, Bitcoin Cash, Ether, and Litecoin – on crypto wallet Abra. The users will no longer be able to use bank Automated Clearing House (ACH), wire or American express card for deposits and withdrawals after Aug. 29.

Many organizations have discontinued their service, thanks to the regulations. In India, a crypto exchange Koinex has shut down its operation due to stringent regulations.