Forex News 24
  • RSS

news

Bittrex Blocks US-sanctioned Countries From Its Trading Services

Bittrex Blocks US-sanctioned Countries From Its Trading Services
админ
05/03/2018

273ded5184ce2a4e46ce0abd253e88df - Bittrex Blocks US-sanctioned Countries From Its Trading Services

US-based cryptocurrency exchange, Bittrex has blocked residents of certain countries under US sanctions from accessing its trading services. North Korea, Iran, the Crimean region, Syria, and Cuba are included in Bittrex blacklist.

The ban is mentioned in section 2.2: of its new terms of service, which deals with “Restricted Locations”.

It prohibits “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.

The new Terms of Service will come into effect on March 9.

Founded in 2013, Bittrex is one of the largest cryptocurrency exchanges offering a large number of trading pairs into bitcoin. It claims to support more than 190 cryptocurrencies.

The Las Vegas-based Bittrex is not designed for the retail customer, but aimed at a target audience of more sophisticated or institutional traders.

It has a very high turnover of crypto currencies, leading some to accuse it of allowing pump and dump schemes that erode confidence in the crypto ecosystem as a whole.

Bill Shihara, the founder and CEO of Bittrex, recently said the cryptocurrency exchange will soon start accepting deposits from clients in US Dollar. The move is expected to give Bittrex a huge competitive advantage over its competitors that have been gaining popularity over the last few months.

Source

Related Itemscryptocurrencycryptocurrency exchangesDollarregionretailSyriatradingUnited StatesUS

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
05/03/2018
админ
Related Itemscryptocurrencycryptocurrency exchangesDollarregionretailSyriatradingUnited StatesUS

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Cryptocurrency Daily Round Up – Mar. 5
Gold heads north as evergreen buck keeps diving on Trump’s tariff initiative