It is with a heavy heart that I share this update today.
Due to the uncertainty under United States law as to the use of cryptocurrency for commercial and personal purposes and the recent dramatically increased pressures brought on by United States regulators and law enforcement, we at Ionia, Inc. (“Ionia”) have decided to exit the cryptocurrency space as of July 15, 2023.
We hope that you appreciate the fact that we have successfully followed all of the known rules regarding the use of cryptocurrency heretofore and are confident that the products we offered were fully compliant. Notwithstanding the foregoing, the current regulatory environment includes the placing of tactical pressure even on those following the rules, like us, and we simply do not have the resources to withstand this kind of onslaught.
This community has been tremendously supportive and it has been a true pleasure to work with you over the last 2 years. We are hopeful for a future in which we can all work together again towards monetary freedom and true ownership of our assets. This will require a major change to the regulatory and enforcement environment in the US. We will continue to hope for this future.
Until that time, we will support Dash Core Group to find and implement solutions to replace what DashDirect has been offering to the community. DCG is aware that we are Terminating our agreement and they are actively working to find the best solutions in the market.
We will disable purchasing of new gift cards in DashDirect on July 15th. If you have unused gift cards in DashDirect, you will be able to access them for several weeks. We encourage you to email them to yourself using the "Send as a Gift" option or to screenshot their details before July 31st.
If you have any questions or concerns, please reach out to
[email protected]. Thank you for your understanding, your partnership and your support over the last 2 years. We appreciate you and look forward to a better future in which we can work together again.