íŕçâŕíčĺ

Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba


Concerns from Russian traders that they may be unable to access Bittrex once the exchange’s new terms of service come into effect this month appear to have been alleviated. Starting March 9th, the exchange will formally block residents of North Korea, Iran, the Crimean region, Syria, and Cuba from accessing its trading services.


Restricted Locations

Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and CubaLast month, Las Vegas-based cryptocurrency exchange, Bittrex, published its new terms of service, which are expected to come into effect on the 9th of March.

The new terms of service will prohibit “citizen[s] or resident[s] of any state, country, territory or other jurisdiction that is embargoed by the United States” from accessing Bittrex’s trading services.

It was reported that the new terms of service resulted in concern among Russian traders that the sanctions imposed on the Russian Federation since 2014 may render them unable to access Bittrex. Several traders, however, appear to have since made contact with the exchange’s support staff, and received confirmation that the new terms of service will not prohibit the citizens of nations under “economic sanctions”.

Bittrex’s new terms of service will specifically exclude residents of nations under U.S. embargo – “North Korea, Iran, the Crimean region, Syria, and Cuba.” Additionally, any individual for whom there is “an economic sanction levied by the U.S. government” will also be barred from accessing the trading platform.


Regulation Becomes Means for U.S. State Apparatus to Project Realpolitik Objectives

The new list of restricted locations in Bittrex’s updated terms of service appears to comprise a formalization of a crackdown initiated last year.

In 2017, news.Bitcoin.com was informed by Yasser Ahmadi or Lioncomputer.ir that Bittrex had “started closing Iranian accounts without any heads up or announcements from Oct 12.” Mr. Ahmadi accused the exchange of failing to respond to support requests from Iranian citizens, asserting that Iranians had been left with no means through which to repatriate the funds held in their accounts.

Mr. Ahmadi lamented the increasing projection of U.S. imperial objectives manifesting as a consequence greater regulation of the cryptocurrency industry. “They’re using the fluidity of bitcoin to control the needs of people around the world and reach their own political interests,” Mr. Ahmadi stated. “That is not what bitcoin and blockchain is about, it’s against the spirit of this system.”


Want to create your own secure cold storage paper wallet? Check our tools section

05.03.2018 / 09:52 22
Russian Officials Propose Lighter ICO Regulations, Cryptocurrency Income Tax Breaks Russian Officials Propose Lighter ICO
Russian officials have recently suggested a number of modifications to the draft law “on digital financial assets,” including tax breaks and
Russian Vice-Minister: Government Needs Blockchain Platform Focused On Stability Russian Vice-Minister: Government Needs
Vice-Minister of Russian communications ministry says government would require a separate, internally developed Blockchain platform. The
Gold Trading Giant Goldmoney Enables Cold Storage For Two More Cryptocurrencies Gold Trading Giant Goldmoney Enables
Goldmoney, a global gold-based financial services company, expands its crypto cold storage with two more cryptocurrencies. Goldmoney, the world's
Nigeria's Central Bank Again Warns on Crypto Investments Nigeria's Central Bank Again Warns on
The Central Bank of Nigeria (CBN) has reiterated its warning against cryptocurrency investments. In a press release issued Wednesday, the CBN warned
Trump Sanctions on North Korea Won't Stop Crypto Hacks, Senator Says Trump Sanctions on North Korea Won't
The Trump administration imposed new sanctions on North Korea last week, but one U.S. senator has said that the measures don't go far enough in
Tron Price Climbs 25% in a Day Tron Price Climbs 25% in a Day
Tron has jumped 25% in price against the dollar. Tron’s TRX tokens were trading for $0.045 yesterday, with the price jumping to $0.056 earlier today.
Comments (0)
Add a comment
Comment on