Popular cryptocurrency exchange Bittrex is closing operations in some countries. Bittrex is being withdrawn partially due to legal regulations in the countries.
Cryptocurrency exchange Bittrex withdraws from 7 countries
While cryptocurrency exchanges open to new countries to expand their activities, they also have to withdraw from some countries. Restrictive legal regulations, in particular, can put Bittrex in a difficult situation.
Bittrex, one of the popular exchanges among crypto money exchanges, also had to retreat in this area. Bittrex has decided to no longer continue its operations in 7 countries. Bitrex now; It will not continue its activities in Belarus, Burundi, Mali, Myanmar, Nicaragua, Panama and Ukraine.
In the notification made to the users, users were given a 14-day period to withdraw their cryptocurrencies. Users are asked to drain their funds and reclaim their assets during this time.
It is stated that the reason Bittrex withdraws from these countries is due to legal restrictions. However, we can say that Ukraine’s place in the list has received intense criticism from users in Ukraine.