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29 September 2020

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions | Exchanges Bitcoin News

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions | Exchanges Bitcoin News


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P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions.

Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S.

On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start restricting new accounts and closing old ones, as part of the shutdown process.

According to the OFAC sanctions, US citizens are prohibited from doing business with the Venezuela government or with government-owned businesses, among other restrictions.

The exchange said if things change regarding Venezuela, it will start offering its services again.

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