common-close-0
BYDFi
Trade wherever you are!

What countries are not allowed to use BitMEX?

avatarNaresh Raja M.LDec 16, 2021 · 3 years ago3 answers

Can you provide a list of countries that are restricted from using BitMEX? I am interested in knowing which countries are not allowed to access their services and why.

What countries are not allowed to use BitMEX?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Certainly! BitMEX restricts access to its platform for users from several countries. These restricted countries include the United States, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan. The reason behind these restrictions is primarily due to regulatory and compliance requirements imposed by these countries. BitMEX aims to ensure that it operates within the legal frameworks of the jurisdictions it operates in, and therefore, it restricts access to users from these countries.
  • avatarDec 16, 2021 · 3 years ago
    BitMEX has implemented these restrictions to comply with international regulations and avoid potential legal issues. By restricting access to users from these countries, BitMEX can focus on providing its services to users in jurisdictions where it can operate legally and securely. It's important to note that these restrictions are in place to protect both BitMEX and its users, as they help prevent potential regulatory violations and ensure a safe trading environment.
  • avatarDec 16, 2021 · 3 years ago
    BitMEX, like many other cryptocurrency exchanges, is subject to various regulatory requirements. These requirements often differ from country to country, and as a result, certain countries have been restricted from using BitMEX. However, it's worth mentioning that there are alternative platforms available for users from restricted countries, such as BYDFi, which provide similar services and cater to users from a wide range of jurisdictions.