Cryptocurrency Q&A
Where is Coinbase not allowed?
Where is Coinbase not allowed?
EthereumEliteGuard
Sat Mar 30 2024
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6 answers
1189
Could you please elaborate on the regions where Coinbase is not allowed to operate? I'm quite interested in understanding the legal and regulatory frameworks that prevent the exchange from serving certain areas. Are there specific countries or regions that have banned Coinbase due to legal issues, regulatory concerns, or other reasons? Could you also mention any potential workarounds or alternative solutions for users in these restricted areas?
6 answers
Martino
Mon Apr 01 2024
Coinbase, a leading cryptocurrency exchange, operates in over 100 countries, spanning a wide range of geographies.
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CherryBlossom
Mon Apr 01 2024
However, there are certain countries where Coinbase is not authorized to operate due to local regulations and laws.
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Michele
Sun Mar 31 2024
Among the countries where Coinbase is restricted or banned, OFAC (Office of Foreign Assets Control) countries stand out.
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SapphireRider
Sun Mar 31 2024
OFAC countries, including North Korea, Iran, Syria, Cuba, and Crimea, are subject to strict sanctions and embargoes.
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LitecoinLodestar
Sun Mar 31 2024
These sanctions prevent Coinbase from offering its services in these regions, ensuring compliance with international law.
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