THELOGICALINDIAN - Cryptocurrency derivatives barter BitMEX has discontinued alms casework to the users of three countries Fun actuality it has offices in those regions
BitMEX said in a account issued today that it is attached admission to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based barter declared that it absitively to go advanced with its accommodation to ensure “continued compliance.” It explained that it was akin admission to its bitcoin derivatives and barter casework in regions that hosted its address and staffs.
Following the announcement, BitMEX’s account now stands bare to the citizens of eleven regions, which additionally accommodate the US, the arena of Québec in Canada, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, and Sudan.
BitMEX and Insider Trading
BitMEX’s ban on bounded users came added than a ages afterwards BitMEX Founder & CEO Arthur Hayes debated acclaimed economist and bitcoin agnostic Nouriel Roubini. The agitation saw Roubini accusing Hayes of running a “total scam” beneath the guise of BitMEX. The economist said that BitMEX admiral participate in a cord of actionable activities, which accommodate cabal trading.
The agitation did not acreage able-bodied for BitMEX on abounding accounts. The barter anon founded itself amidst a beginning controversy: Bloomberg appear that the US Commodity Futures Trading Commission (CFTC) began investigating the aggregation for illegally alms crypto derivatives casework to the US citizens. The barter absolute denied discussing the Bloomberg coverage, advertence that it does not animadversion on “any media letters about inquiries or investigations by government agencies or regulators.”
Many theorized that BitMEX is aggravating to affect regulators by befitting bounded citizens abroad from the risks of its highly-leveraged bitcoin trading services. Or, the barter is proving that its admiral do not barter on the platform. Nevertheless, its casework abide geo-blocked, acceptation users in banned regions can still admission them application basic clandestine arrangement services.
Most recently, BitMEX accustomed a apprehension from the UK Announcement Standards Authority (ASA) over apocryphal advertising. The bureau begin that the barter “failed to allegorize the accident of the investment,” “exaggerated the acknowledgment on the investment” and “challenged whether it was misleading.”
What do you accomplish of BitMEX’s latest news? Add your thoughts below!
Images via Shutterstock, Twitter @Nouriel
