The U.S.-based cryptocurrency exchange Bittrex is about to return all frozen funds back to users from sanctioned regions under certain conditions, states a letter posted on Twitter by a former user of the exchange Ziya Sadr.
According to the letter that was sent to all users, whose funds were frozen back in October 2017, the users can withdraw their funds to an exchange or hosted wallet that is not located in sanctioned regions (Syria, Iran, Cuba, or the Crimea Region of Ukraine), that is not subject to jurisdiction of the U.S. Department of the Treasury's Office of Foreign Asset Control and that is not subject to any U.S.-based sanctions.
The withdrawal procedure should reportedly be completed by March 15, 2020.
Earlier iHodl reported that Binance DEX, a decentralized features-based exchange, which is developed on top of Binance Chain, banned U.S. residents and users from other 28 jurisdictions, including Belarus, the Crimea region of Ukraine and Venezuela.
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