Bittrex New Terms of Service: It Stops Serving Users From Countries Embargoed by US

The American cryptocurrency exchange Bittrex changes Terms of Service. Bittrex New Terms of Service come into force on March 9, 2018. In an updated user agreement Bittrex states that citizens of countries under the US embargo will no longer can use service of the exchange. The exchange informed its customers about it in the mailing list.

New Terms of Service

According to Bittrex new Terms of Service, it will serve only users who are not in the sanctions lists of the Office of Foreign Assets Control.
Thus, users from the Balkans, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe are not able to use service of Bittrex.  Authorities updates the list of sanctioned countries periodically.

According to new Terms of Service

“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. You represent and warrant that you are not a citizen or resident of any such jurisdiction and that you will not use any Services while located in any such jurisdiction. You also may not use the Services if you are located in, or a citizen or resident of, any other jurisdiction where Bittrex has determined, at its discretion, to prohibit use of the Services.”

The new Terms of Service also states that the Bittrex administration has the right to make decisions on ban the provision of services at its own discretion. In particular, it has the rights not to execute trade orders and block users’ access to the accounts.

Poloniex Terms of Use

Last year similar changes in Terms of Use were introduced by the popular cryptocurrency exchange Poloniex.
In accordance with paragraph 1 of the updated Terms of Use, the exchange can provide its services to residents of countries that are not subject to the sanctions of the US Department of Commerce. In addition, the updated user agreement states that its users refuse to participate in class action lawsuits against the exchange.

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