[The Next Web] Here is why the price of RaiBlocks suddenly dropped by 20 percent

Emerging cryptocurrency RaiBlocks has lost 20 percent in value after shady exchange desk BitGrail suddenly announced that its platform will soon suspend support for non-European users. The cryptocurrency, whose blockchain tech promises to deliver fast transactions at no fees, saw a drop from $18.60 to $14.90 earlier today. The dip followed an announcement from BitGrail claiming that, due to KYC-related legal complications, the company will force non-EU users to shut down their accounts. “BitGrail cannot work without mandatory KYC anymore,” said the anonymous BitGrail founder who goes by the name The Bomber. “Looks like exchanges in general can’t do it, even…

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