Cryptocurrency exchange Bittrex will prohibit residents of North Korea, Iran, the Crimean region, Syria, and Cuba from accessing its trading services, effective March 09, Bitcoin.com reported.
Last month, the startup published its updated Terms of Service and Privacy Policy. Regarding “restricted locations,” the Terms of Service stated that a person would not be able to use Bittrex’s services if they are located in, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the U.S. or where the use of the services would be illegal or otherwise violate any applicable law.
Clarifying more on the subject, Bittrex has now listed the countries where its services would not be available. In an official post, the company said:
“Currently, U.S. law prohibits Bittrex from doing business with residents of North Korea, Iran, the Crimean region, Syria, and Cuba as well any person with economic sanctions levied against them specifically by the federal government.
“According to our current Terms of Service, if you are not a resident of the countries listed above, are not subject to any personal sanctions, and meet the rest of the criteria listed in our terms of service, you are eligible to use our services at this time.”
The new Terms of Services are expected to go into effect on March 09, 2018.
