May 21, 2024

Bittrex International has suspended service in 31 countries

The Bittrex International cryptocurrency exchange has suspended service for traders in 31 countries, including Venezuela.

The list of blocked regions includes Asian, African and European countries: Afghanistan, Egypt, Bosnia and Herzegovina, Cambodia, Central African Republic, Congo, Ivory Coast, Tunisia, Ethiopia, Uganda and Yemen.

This decision was taken by the Maltesea division of the American exchange Bittrex. The exchange notified users that as of October 29, 19:00 UTC, they will not be able to access their accounts and carry out trading operations. Representatives of the exchange asked traders to withdraw funds before this date, while the exchange did not give reasons for the suspension of activities.

It is worth noting that due to American sanctionsVenezuela has become more accepting of cryptocurrencies, in particular Bitcoin. The country is actively introducing the state digital currency Petro, pegged to oil. In September, trading volumes in Venezuela grew by 48%, and in early October, Venezuelan exchange CriptoLAGO together with investment bank Glufco began developing a debit card supporting BTC, ETH, DASH and Petro.