A heart breaking news over the weekend for Bittrex International customers in Ghana and other 30 countries, and mostly affected parts of Africa. Bittrex is shutting down its operations in over 31 countries due to regulatory uncertainties. As government continues to mount pressure on the crypto space exchangers are getting heat up and it is affecting their operations as governments want to even control the air we breath.
Bittrex International is a trading platform based in the 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 same 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
AfghanistanEgyptBosnia-HerzegowinaBotswanaCambodiaCentral African RepublicDemocratic Republic of CongoCote d’lvoireEthiopiaEritreaGhanaGuineaGuinea-BissauGuyanaIraqLaosLebanonLibyaMaldivesPakistanSri LankaSomaliaSudanSouth SudanTrinidad and TobagoTunisiaUgandaVanuatuVenezuelaYemenZimbabwe.
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 withdraw.
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.