Cryptocurrency Q&A
What countries is Coinbase blocked in?
What countries is Coinbase blocked in?
noah_wright_author
Sat Oct 05 2024
|
8 answers
1390
Could you please elaborate on the countries where Coinbase, a popular cryptocurrency exchange platform, is currently blocked or restricted from operating? Are there any specific regions or jurisdictions where Coinbase's services are not available due to regulatory constraints, legal issues, or other factors? Understanding the geographical limitations of Coinbase's reach would be insightful for those looking to engage in cryptocurrency transactions globally.
8 answers
CherryBlossom
Mon Oct 07 2024
Among the countries where Coinbase's services are prohibited, OFAC-sanctioned nations stand out. OFAC, or the Office of Foreign Assets Control, is a U.S. government agency responsible for administering and enforcing economic and trade sanctions.
Was this helpful?
78
74
KpopMelody
Mon Oct 07 2024
North Korea, a nation notorious for its nuclear weapons program and human rights abuses, is one of the OFAC-designated countries where Coinbase cannot operate. The sanctions imposed on North Korea aim to curb its illicit activities and promote international peace and security.
Was this helpful?
176
91
AltcoinAdventurer
Mon Oct 07 2024
Similarly, Iran, a country with a complex political landscape and a history of nuclear proliferation concerns, is also on the list of prohibited countries for Coinbase. These restrictions reflect the global community's efforts to address Iran's nuclear program and its support for terrorist organizations.
Was this helpful?
204
31
BlockchainBrawler
Mon Oct 07 2024
Coinbase, a renowned cryptocurrency platform, enjoys a global presence with operations spanning across more than 100 countries. However, the intricate web of local regulations and laws poses challenges to its universal reach.
Was this helpful?
177
41
Margherita
Mon Oct 07 2024
Syria, a nation torn apart by civil war and accused of using chemical weapons against its own citizens, is another OFAC-sanctioned country where Coinbase's services are banned. The sanctions seek to deter Syria's use of force and promote a political solution to the conflict.
Was this helpful?
192
77
Load 5 more related questions
