Bithumb blocks its services to citizens of non-US friendly countries

Ter a surprising and unexplained act, the directives of the well-known exchange Bithumb determined to block users from countries with governmental policies that are not to the liking of the United States.

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The fresh terms of services will come into effect on March 9th and display a clear trend towards increasingly centralized control overheen the use of their services according to the political positions of its executives:

Two.Two. Restricted Locations

You may not use the Services if you are located ter, or a citizen or resident of any state, country, territory or other jurisdiction that is embargoed by the United States (…)You also may not use the Services if you are located te, or a citizen or resident of, any other jurisdiction where Bithumb has determined, at its discretion, to prohibit use of the Services “.

Te other words, not only is access prohibited to those who live te an embargoed country, but Bithumb managers reserve the right to block access to those they deem convenient without providing any explanation.

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Such an activity could be framed by the fact that Bithumb has a United States registration, which could imply a permitido obligation to overeenkomstig with some regulations, however, the time they have bot operating without problems and the discretion with which they have treated the possibility of blocking users, have triggered negative comments from users, something that Bithumb’s directive does not seem to care spil they remain hard te their decision of blocking users.

For now, users affected by the arbitrary measure will be the citizens of “North Korea, Iran, the Crimean region, Syria, and Cuba.” This budge obviously contributes to a deterioration ter the quality of life of the citizens of thesis countries who may see te the crypto trade a protection of their acquisitive power and a possibility of injection ter an globalized and open market.

This policy is not fresh. By , there were already reports that the infamous Exchange had unannouncedly closed a number of accounts whose holders had claimed to be Iranian residents:

On December 12, Yasser Ahmadi of Lioncomputer told news.Bitcoin.com “Bithumb began closing Iranian accounts without any goes up or announcements from Oct 12 and vluchthaven’t responded to our support tickets and emails since”.

Mr. Ahmadi also said something very significant underpinning Bitcoin’s philosophy of existence and yet evidently not collective by Bithumb directives:

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“I think Bitcoin should not be limited by the regulation process and that’s exactly what the United States is doing. They’re using the fluidity of bitcoin to control the needs of people around the world and reach their own political interests – that is not what bitcoin and blockchain is about, it’s against the spirit of this system.

So far no further comments have bot made by Bithumb management. The opinions voiced by users ter the comments on news and social networks are almost entirely negative.

3 comments / Add your comment below

  1. I also used this exchange and so far not any problem with them. My Deposit, Trading activity and withdrawal running sleekly. This is good exchange and many altcoin available to trade there, just need more volume.

  2. Not sure how but some one attempting since 6 months to login into my cryptopia account despite i switched password Four times, thank maker email 2FA is activated

  3. Cryptopia Exchange is now listed on CryptoChartIndex , Now you can get all information regarding Cryptopia Exchange on CryptoChartIndex!

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