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Bitmex services access revoked – Candour or Deceit?

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Bitmex, a Seychelles-based exchange issued a statement on Monday stating that the access will be revoked from Seychelles, Hong Kong, and Bermuda, where it’s headquarters are located. BitMEX’s service is also unavailable to the citizens of eleven regions. These include the US, the province of Québec in Canada, Cud Sevastopol, Iran, Syria, North Korea, and Sudan.

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Bitmex states that this move is to achieve and ensure “Continued Compliance”, renowned economist Nouriel Roubini claims otherwise. As per a debate with BitMEX CEO Arthur Hayes, Roubini has raised a few concerns regarding the credibility of their trading services. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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