Bittrex exchange may start blocking user accounts from Russia due to US sanctions

On the official website of the Bittrex exchange in the "support" section there was information about the restriction in the services of users at their location.

Bittrex provides very ambiguous information for its customers about the provision of services. The first paragraph of this section is not noticeable, they talk about age restrictions, as well as about user agreements and account blocking. But further information is much more interesting.

В section "2.2" we can observe that Bittrex has imposed restrictions on the location of its users. Then they write:

"You do not have the right to use our services if you are, or are a citizen, or a resident of a State, country, territory or other jurisdiction that is embargoed by the United States of America."

That is, citizens, residents, and indeed any people on the territory of the Russian Federation will no longer be able to trade on the Bittrex exchange. In addition, under the sanctions of the United States of America there are a number of other countries.

It is also reported that Bittrex can make decisions on a territorial ban on the provision of services at its own discretion.

Author: Andrey, analyst Freedman Club Crypto News

Image from Fotolia

Source: Read Full Article

Leave a Reply