Bittrex Will Block Traders From US Sanctioned Countries

The US-based exchange Bittrex announced today that it’s going to block residents of countries affected by embargo sanctions from the US government. This is due to a change in their terms of service that is going to be applied the next March 9.
The measure will only affect citizen of countries embargoed like Crimea, Cuba, Iran, North Korea, Sudan and Syria. Citizens of countries facing targeted actions against its governments or against individual government officials (like Venezuela) will still be able to trade. This is the result of the exchange complying with sanctions from the OFAC (Office of Foreign Assets Control) and protecting itself from possible lawsuits from the government.
The exchange did not clarify the possible destiny of the accounts that will be blocked or the crypto assets that those customers hold. Bittrex is one of the largest cryptocurrency exchanges by trading volume and number of cryptocurrencies listed; so this is going to affect a good quantity of traders, mostly from North Korea. Full source article here.

Related posts
cryptocurrencyCryptocurrency NewsdogecoinDOGEUSDNewsXRP NewsXRPUSDXRPUSDT

Why DogeCoin Flipping XRP Is Extremely Alarming

When DOGE bulls put on their seat belts and drove bullishly to new levels, XRP had to give way for the meme coin to take the 4th position. At the time of this report, Dogecoin is valued at a market…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

What The ‘Second Leg’ Of The Bitcoin Bull Market Will Look Like

The first phase of the Bitcoin bull market kicked off late last year when Bitcoin crossed $20,000 for the first time since its conception. The market went ballistic as Bitcoin hit $21,458 on the 16th of December and only shed…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

MercadoLibre, The ‘Amazon of Latin America’ Has Bought $7.8 Million In Bitcoin

Argentine E-commerce platform MercadoLibre, which has been branded the “Amazon of Latin America” has stepped into the Bitcoin market. The company, which has several branches in the United States revealed that it had purchased almost $8 million worth of Bitcoin….