Bitmex Exchange Announces Ban on Russian Users according to European sanctions

BitMEX is working to increase compliance with European sanctions against Russia. It prepares to enforce important restrictions for users in Russia.

BitMEX Restricted Country Policy Changes To comply with the various restrictions of the European Union It notified a group of potentially affected users about the upcoming changes by email on Monday.

In the e-mail stated Russian citizens or residents of Russia BitMEX services from the European Union will no longer be accessible after July 11, 2022, which means that such users will not be able to log into their accounts or access any services unless there is an “exclusion”.

This new limitation It does not apply to Russian citizens or residents accessing BitMEX services from the European Union. who are resident in the European Union or Switzerland

“If you live in the European Union or Switzerland or be a dual citizen of the European Union or Switzerland and reside outside of Russia You can submit additional information to request exemption and continued access to our services from the European Union,” the statement said.

This measure targets all types of traders. This includes persons trading on behalf of any legal person as they access BitMEX from the European Union. as well as legal persons established in Russia. where traders access services from the European Union

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