Governments are taking serious action and creating laws related to crypto. Now policies are going strict it now more difficult for exchanges to continue their activities in some of the countries. Some are closing their activities due to new laws and some of them are closing their activities due to compatibility issues.

Activities are stopped by two companies due to new Europe Money laundering laws According to Simplecoin “When the laws come into effect, we would be forced to require you, the users, to identify yourselves for anti-money-laundering purposes. Mining should be available to anyone and we refuse to jeopardize our users’ privacy,”

Simplecoin & Chopcoin Cofounder said that “Simplecoin allowed users to save mined hashes (digital points) and cash them out for any of the supported currencies, including proof of stake coins that are no longer mineable,”