Why did BitMEX ban US customers from trading FCT coin?

3 answers

• anita parmarOct 03, 2023 · 2 years ago
  BitMEX banned US customers from trading FCT coin due to regulatory concerns. As a cryptocurrency exchange, BitMEX is subject to various regulations imposed by different countries. In this case, BitMEX likely determined that allowing US customers to trade FCT coin would put them at risk of violating US regulations. To avoid any potential legal issues, BitMEX made the decision to ban US customers from trading FCT coin.
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• isabella kristineJan 25, 2022 · 4 years ago
  The ban on US customers trading FCT coin by BitMEX is a result of compliance requirements. Cryptocurrency exchanges are increasingly facing regulatory scrutiny, and BitMEX is no exception. By banning US customers from trading FCT coin, BitMEX is taking proactive measures to ensure compliance with relevant regulations and avoid any potential legal consequences.
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• GodzumoJun 07, 2024 · a year ago
  As an expert in the field, I can tell you that BitMEX's decision to ban US customers from trading FCT coin is not unique. Many cryptocurrency exchanges have implemented similar restrictions due to regulatory concerns. It is important for exchanges to comply with the laws and regulations of the countries they operate in, and sometimes this means restricting certain activities for specific customer groups. While it may be disappointing for US customers, it is a necessary step to ensure the long-term sustainability and legality of the exchange.
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