Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

US-Headquartered Bitcoin and Crypto Operator Abruptly Halts Service in Venezuela and 30 Other Countries

by Daily Hodl Staff
October 20, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Bittrex International, the Malta-based international division of US-headquartered digital asset exchange Bittrex, is halting operations in Venezuela and 30 other nations.

Bittrex’s management is alerting customers and says the exchange will suspend accounts and trading activity on October 29, 2019.

Bittrex users are being asked to withdraw their funds from the trading platform before that date.

List of Blocked Countries on Bittrex

  • Afghanistan
  • Bosnia-Herzegowina
  • Botswana
  • Cambodia
  • Central African Republic
  • Democratic Republic of the Congo
  • Côte d’Ivoire
  • Egypt
  • Eritrea
  • Ethiopia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Iraq
  • Laos
  • Lebanon
  • Libya
  • Maldives
  • Pakistan
  • Somalia
  • South Sudan
  • Sri Lanka
  • Sudan
  • Trinidad and Tobago
  • Tunisia
  • Uganda
  • Vanuatu
  • Venezuela
  • Yemen
  • Zimbabwe

ADVERTISEMENT

Reports of Venezuelan citizens adopting decentralized cryptocurrencies, particularly Bitcoin (BTC), to escape the country’s national currency, the Bolivar, which has become useless due to extreme hyperinflation, coincide with record-breaking trading volumes on the peer-to-peer crypto trading platform LocalBitcoins.

Meanwhile, Venezuelan President Nicolás Maduro, who introduced his controversial oil-backed digital currency, the Petro (PTR), in an attempt to circumvent US-led economic sanctions and gain access to new forms of international financing, is reportedly turning to Bitcoin and Ethereum.

In May of 2018, US President Trump issued an executed order prohibiting Americans from executing any transactions involving Petros or cryptocurrencies minted by Maduro.

According to the order,

“All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.”

Last year, Bittrex announced the formation of its subsidiary Bittrex International to focus on non-US customers and how to serve them under clear regulatory guidelines. The subsidiary is based in Malta, where policymakers have drafted a legal framework for blockchain-related businesses. Bittrex’s latest actions, however, target several countries that are subjected to sanctions and embargoes by the US Treasury Department’s Office of Foreign Assets Control (OFAC).

ADVERTISEMENT

List of OFAC Countries Blocked by Bittrex International

  • Central African Republic
  • Democratic Republic of the Congo
  • Lebanon
  • Libya
  • Somalia
  • South Sudan
  • Sudan
  • Venezuela
  • Yemen
  • Zimbabwe

Bittrex’s list includes Lebanon, Iraq and other countries identified by the US as hosting organizations and individuals engaged in terrorist activities and corruption.

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,665.00
$49,665.00
0.06%
Ethereum
$1,561.53
$1,561.53
0.27%
Binance Coin
$242.45
$242.45
2.73%
Polkadot
$36.85
$36.85
2.65%
Cardano
$1.20
$1.20
3.72%
XRP
$0.445268
$0.445268
0.29%
ADVERTISEMENT

Spotlight

  • Crypto Giant Grayscale Buys $709,000,000 in Bitcoin and Ethereum in Less Than a Month
    February 27, 2021
  • Biden’s SEC Chair Nominee Says Bitcoin and Crypto Are Transformative Technologies
    March 3, 2021
  • US Treasury Secretary Has Several Concerns About Bitcoin, Addresses Need for Digital Dollar
    February 24, 2021
  • Ripple-Backed Developer Launches Proposal To Bring Red-Hot NFTs to XRP Ledger
    February 28, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.