There has been a piece of heartbreaking news over the weekend for Bittrex International customers in Ghana and 30 other countries, and most affected parts of Africa. Bittrex is shutting down its operations in over 31 countries due to regulatory uncertainties. As governments continue to mount pressure on the crypto space exchangers, they are getting heat up and it is affecting their operations as governments want to even control the air we breathe.
Bittrex International is a trading platform based in Europe that deals with non-US customers and since non-US customers were taken off the usual platform because of regulatory issues Bittrex started this international platform to get customers outside US running. And over the past few months due to some regulatory issues and government regulatory pressure closing in, plenty of crypto-asset were delisted followed by shutting down in 31 countries and I feel this is so bad.
Affected Countries Listed Below
- Central African Republic
- Democratic Republic of Congo
- Cote d’Ivoire
- Sri Lanka
- South Sudan
- Trinidad and Tobago
What Can Affected Users Do??
Bittrex International will be ceasing operations in the affected countries and all trading and account activity will be halted on 29th October, 2019, at 19:00 UTC/21:00 CEST.
Bittrex urges all its customers to do well and visit their account and withdraw all their holdings before coming 29th October, 2019, as they will no longer be operating in these 31 countries.
Bittrex added that balances must be 3 times greater than the withdrawal fee before it will be eligible for withdrawal. And since the withdrawal fee is 0.0005BTC you must have at least 0.0015001BTC or more to be able to do so.
These countries listed above after 29th October, 2019, will no longer be able to trade on the Bittrex platform and if you are an affected user or maybe got people using Bittrex outside the US you must share this message to reach out people to do due diligence in order to withdraw their holdings before the due time.
You can check the full details of the announcement here…. And know what to do if you are having any challenges withdrawing your funds.
Well, I don’t know why they targeted so many African countries but that is to our disadvantage.
Please share your comments below with us to know what you think.
I Am CryptoRas.