Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: MRM on September 15, 2020, 10:34:43 PM
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Paxful said goodbye to its Venezuelan users, claiming it was too risky to keep offering services within the South American country. This morning, Venezuelan users of Paxful, a North American Bitcoin exchange, received an email in which the platform thanked them for their use and said goodbye.
"Due to concerns regarding the regulatory landscape around Venezuela and Paxful's own risk tolerance, we regret to report that Paxful will be ceasing operations in Venezuela," said the platform in a statement shared with Decrypt, "We made our best efforts for several months, but with current risks, we had no choice but to make this incredibly difficult decision.”
Source: https://decrypt.co/41793/bitcoin-exchange-paxful-exits-venezuela-citing-us-sanctions