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Author Topic: New rules of Bittrex. Should be Russian afraid?  (Read 165 times)
GhostWithin (OP)
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February 26, 2018, 10:06:03 AM
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On March 9, 2018, the New bittrex rules will take effect
https://support.bittrex.com/hc/en-us/articles/360000560871

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...

2.2. Restricted Locations

You may not use the Services if you are located in, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the United States or where your use of the Services would be illegal or otherwise violate any applicable law.

...


Does this mean that Russian citizens will not be able to use this exchange? After all, the United States imposed sanctions against Russia

P.S >> And aslo there is one impotant moment: now bittrex has the right to request any information about users who refuse to provide will be banned. So it was before, but now they are talking about it directly
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SiberianWanderer
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February 27, 2018, 01:56:45 PM
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Though the description is kinda vague, I don't think it would apply to ALL Russian citizens and residents, since the US sanctions are against specific Russian organizations and citizens, not the country as a whole. So unless a Russian citizen/resident is specifically on a US sanction list, there would be no legal basis to block them.

Technically, those "restricted locations" would currently be Cuba, Iran, North Korea, Sudan, and Syria.

https://www.bis.doc.gov/index.php/policy-guidance/country-guidance/sanctioned-destinations
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February 28, 2018, 12:40:12 AM
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On March 9, 2018, the New bittrex rules will take effect
https://support.bittrex.com/hc/en-us/articles/360000560871

Quote

...

2.2. Restricted Locations

You may not use the Services if you are located in, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the United States or where your use of the Services would be illegal or otherwise violate any applicable law.

...


Does this mean that Russian citizens will not be able to use this exchange? After all, the United States imposed sanctions against Russia

P.S >> And aslo there is one impotant moment: now bittrex has the right to request any information about users who refuse to provide will be banned. So it was before, but now they are talking about it directly


Your concerns are justified. Given the madness of the cold war against Russia, I would not be surprised if they force Bittrex to play their dirty little games. I recommend:

1. You move any tokens stored at Bittrex away from the exchange.

2. After moving your tokens away (if applicable), it would be best to contact Bittrex support and ask them directly for clarification.

I hope the above helps. Good luck my friend.
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