the crypto options exchange BitMEX will not serve any customers in the USA and Quebec. Much of the North is excluded Pry American market by trading with the famous crypto.
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15. January 2019BTC$3.612,64 -0.80%part Facebook Twitter LinkedIn xing mail
“The trading or Holding of positions on BitMEX says every Person in the United States of America, Quebec (Canada), Cuba, the Crimea and Sevastopol, Iran, Syria, North Korea, Sudan, is a resident of […],” it says in the small print, at the bottom end of the BitMEX blog.
The company announced the United States and the canadian Region of Quebec in the same breath with countries such as Syria and North Korea; resident customer are excluded immediately from all Services on the Exchange.
Apparently, the step is a direct result of stricter regulations in the canadian province of. In January, the competent financial Supervisory authority, the Autorité des marchés financiers (AMF), the crypto-stock exchange had asked for an opinion regarding the business activities in Europe. The Exchange was not entitled financial services in the Francophone part of Canada to offer and may be set, therefore, all activities in the Region.
the South China Morning Post (SCMP) reported, a result of the company this call now. Drastic it’s expressed to the press chief of the AMF. The activities were not even illegal, because “BitMEX registered with the AMF and, therefore, is not entitled to activities in the province of Quebec.”
Also, the USA excluded, reasons unknown
Why is the option exchange, which is especially for your output lever is known, no Americans supported more, however, is unclear. By the U.S. Securities and Exchange Commission (SEC), there is no official ban, so the SCMP. Neither the SEC nor BitMEX commented on so far. However, the separation from the US is likely to have been market for BitMEX, a painful step. Finally, the shops played there one-seventh of the total turnover of a on earth, so far as the SCMP with reference to anonymous companies, sources close to the writes.
Read also: The future of Bitcoin development: BitMEX is sawing on the chair of the Bitcoin Core
Meanwhile, is apparently not only Québec, but also in other canadian provinces affected. This, at least, Reddit User u/Bignana in the Subreddit r/BitMEX:
Received notice but I’m not from the US/Quebec from BitMEX
The user received a notice from BitMEX complained, he would close it within seven days of all of his positions on the Exchange and then log off. The comments are evidence of confusion about the anticipatory obedience of the Hong Kong company and references to popular VPN Clients. With these to leave regions operate, which are excluded according to General terms and conditions.
