23 Nov 2019

The end of Faucethub?

If you are, as most of us in the market are, a user of Faucethub, then you've surely heard about this already. Faucethub is going through major changes. FaucetHub will be discontinuing the majority of it's services and undergoing a rebranding, as effective from the 10th of this December.

The reason for this is regulation requirements. Crypto has taken off in the last couple of years and made its way into the eyes of regulatory bodies of various top tier countries. These organizations are instructed by their respective countries governments to implement rules and guidelines for all financial companies to enable them to monitor, control, and predict the monetary movement of citizens in the country. For many years crypto was not considered as to how "money" is treated or regulated, which allows us to operate the platform legally without regulation requirement. Unfortunately, this is very soon, no longer the case. This applies to micro wallets, as well.

I strongly recommend you all head over to Faucethub, and read this: [UPDATD 23/11/19] FaucetHub.io - The end of the faucet industry as we know it.

Scary stuff, on so many levels. I've moved everything over to Cointiply, at least I now they are secure for a while more.


Cointiply. The number ONE faucet.