Cryptocurrency Q&A
What countries are prohibited by Bitfinex?
What countries are prohibited by Bitfinex?
SamuraiBrave
Mon Oct 07 2024
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5 answers
896
I'm curious to know, can you elaborate on the countries that are prohibited from using Bitfinex, a popular cryptocurrency exchange platform? I'm specifically interested in understanding the regions where access to Bitfinex is restricted due to regulatory or legal reasons. It would be helpful if you could provide a brief overview of these countries and any known reasons behind the restrictions.
5 answers
GeishaGrace
Wed Oct 09 2024
Cuba, as a nation under U.S. embargo, is included in this prohibited category. Trading with individuals or entities based in Cuba may violate export control laws and regulations.
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ZenBalance
Wed Oct 09 2024
The Democratic People's Republic of Korea, commonly known as North Korea, is another prohibited jurisdiction due to its involvement in illicit activities and the international community's concerns over its nuclear program.
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SakuraPetal
Wed Oct 09 2024
Iran, another country with a history of sanctions, is also considered a prohibited jurisdiction. Trading activities with Iranian nationals or entities can lead to legal complications and financial penalties.
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HanjiArtistryCraftsmanship
Wed Oct 09 2024
The term "Prohibited Jurisdiction" encompasses a specific set of countries and regions that are subject to trading restrictions. This list is designed to ensure compliance with international sanctions and regulatory frameworks.
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SkylitEnchantment
Wed Oct 09 2024
Syria, due to its ongoing civil war and international sanctions, is another country on the prohibited list. Trading with Syrian entities or individuals poses significant risks and is not permitted.
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