Bittrex International shutting down services from 31 countries.

[Shasha80]

I am quite surprised to knowing that there are about 31 countries that will be blocked from access, without knowing a clear
reason why this happened. But in my opinion, bittrex exchanges is quite responsible for this notification, and is welcome to
withdraw coins for users who contained in the list of 31 countries. Many speculations are circulating regarding the closure of
services to some of these countries. Hopefully the  bittrex exchanges itself will explain this problem. We are just waiting for
what the real news is like.

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[Ferris419]

This is how Centralized exchange is going down gradually. Bittrex trading volume was decreasing continuously and now this regulation problem will cause it to go further down. For the regulation issue, the TON blockchain failed to stand well and this regulation rules will be eating the Centralized exchanges.  I feel bad that Bittrex is closing down in 31 countries! However, Life continues.

[bitgolden]

I think I have read somewhere too about this news, but from what I read, I think that they are only trying to short down the international part of the system and turning it to global because we still have Bittrex global that they are just launching, which if you look at the word international and global, I really don’t see any difference that much in the two words, so I really don’t know exactly what the issue could be that would have led to this action being taken by them because prior to now, there was no news of any challenge they are having, and Bittrex is a very big exchange that I don’t expect to actually have all these type of issue, but I believe that it is something that is not beyond control, but to be on a safe side, it is better that we just withdraw some of our funds and watch as things unfold.

[magneto]

I find it hard to believe that this is some sort of co-ordinated regulatory tightening from all 30 countries. Especially when there are still other regulated exchanges that are still operating or offering services to these aforementioned countries.

But the list excludes any major first world country, and includes mostly countries that are experiencing either economic hardship or subject to some form of global sanctions at the moment, which is very curious.

Much more likely that Bittrex is simply feeling the pressure to self-regulate and not have to make these changes in anticipation of the future.

[gentlemand]

I don't think they'd get rid of all those places unless it was someone else's condition.

Most of them are not violent or controversial so it must be some other weirdo's desire.

The other possibility is that those non controversial countries cost more in compliance than they generate in custom but the amounts must be tiny and if I were them I'd be looking to include than exclude. Growth could come at any time.

[pawanjain]

I smell something fishy here. Shutting down an exchange due to regulatory issues is fine if it's for 1 or 2 countries at a time but shutting down completely in such a huge number of countries is completely weird. Besides that, I don't know when did they make the announcement but Oct 29 is too near and Bittrex should have at least given a whole month to their customers to withdraw their funds. I am glad I stopped using Bittrex a year ago.