Bittrex clarifies the reason for suspending services for users in Ukraine and Belarus

The cryptocurrency exchange Bittrex уточнила the reason for ceasing service for users in Ukraine, Belarus and several other jurisdictions.

“Bittrex Global is proud to be the safest place to trade crypto assets, but also the most tightly regulated. Taking this into account and the regulatory framework that exists in some jurisdictions, our lawyers have instructed us that in the near term we will be forced to suspend services in several countries, including Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama,” said the exchange’s representatives.

The Bittrex team stressed that users must withdraw all funds by September 24.

“And while this is not an easy decision, at present our team believes that suspending services in the jurisdictions listed above is the best course of action,” said the exchange’s representatives.

According to a Chainalysis report, Ukraine заняла first place worldwide in the number of active cryptocurrency users.

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