Russian users are not permitted to access Bitmex in the EU.

06-Jul-2022 By: Simran Mishra

Russian users are not permitted to access Bitmex in the EU.

After July 11, 2022, residents of or nationals of Russia won't be allowed to use BitMEX services from the EU.

significant cryptocurrency exchange By preparing to impose significant restrictions on its Russian users, BitMEX is attempting to strengthen compliance with the European sanctions against Russia. In order to comply with numerous EU restrictions, BitMEX is modifying its policy regarding restricted areas.

On July 4, the BitMEX cryptocurrency exchange sent an email to a list of users who would be impacted informing them of the impending changes. After July 11, 2022, residents of or nationals of Russia will no longer be able to utilise BitMEX services from the EU, according to an email that was viewed. In other words, unless a "exception applies," these users won't be able to access any services from the EU or log into their accounts.

Russian nationals or residents who utilise BitMEX services from the EU and who are also residents of the EU or Switzerland are not subject to the new limitations. The email further states that dual citizens of the EU or Switzerland who reside outside of Russia would not be impacted.

According to the statement, if you are a dual citizen of the EU and Switzerland or a resident of the EU or Switzerland and live outside of Russia, you may provide more information to request an exemption and continue using our services from the EU.

The policy targets all types of traders, including those who use BitMEX on behalf of other legal entities while doing so from the EU, as well as Russian-based legal entities whose traders use the EU to access BitMEX. The notice makes no mention of any effects on Russian users of BitMEX who access such services from Russia.

The most rcecent restrictions imposed by BitMEX on Russian users in the EU came after a number of significant exchanges, including Binance, announced limitations for Russian ustomers. The majority of these limitations were imposed within the first two months following the "special military operation" in Ukraine, which was launched on February 24 by Russian President Vladimir Putin.

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