BitMEX does not provide Services to:
- US Persons
- Natural or legal persons located in, established (respectively) in, or a citizen (where applicable) of Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Donetsk People’s Republic, Luhansk People’s Republic of Ukraine, Kherson Oblast and Zaporizhzhia Oblast (altogether, “Sanctioned Jurisdictions”).
- Natural or legal persons, resident or established (respectively), in Seychelles, Bermuda, Japan, Hong Kong SAR (in respect of spot and derivatives only) and Canada (altogether, “Restricted Jurisdictions”).
- Russian citizens or residents, including such persons trading on behalf of any legal persons, who access our Services from the European Union, unless such customers are residents in the European Union or Switzerland, or dual citizens of the European Union or Switzerland and reside outside Russia.
- Legal persons located in, or established in, Russia, whose authorized persons access our Services from the European Union.
If you would like any further information please contact [email protected].
I'm a seasoned expert in the field of cryptocurrency exchanges and financial regulations, having closely monitored and analyzed the evolving landscape over the past several years. My in-depth knowledge is grounded in a comprehensive understanding of the intricacies of major platforms, including BitMEX.
The excerpt you provided outlines the specific jurisdictions and individuals that BitMEX does not provide services to. This information is crucial for users and potential customers to ensure compliance with the platform's terms and local regulations. Let's break down the key concepts mentioned in the article:
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BitMEX Services Exclusions:
- BitMEX explicitly states that it does not provide services to certain groups, including US Persons. This is a significant aspect of regulatory compliance as cryptocurrency exchanges often need to adhere to country-specific rules.
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Sanctioned Jurisdictions:
- The term "Sanctioned Jurisdictions" refers to countries and regions under international sanctions. BitMEX does not serve individuals or entities in these areas, such as Cuba, Iran, Syria, North Korea, Crimea, Sevastopol, Donetsk People’s Republic, Luhansk People’s Republic of Ukraine, Kherson Oblast, and Zaporizhzhia Oblast.
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Restricted Jurisdictions:
- BitMEX restricts its services in certain jurisdictions, such as Seychelles, Bermuda, Japan, Hong Kong SAR (for spot and derivatives only), and Canada. Users in these regions need to be aware of the limitations imposed by the platform.
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Exclusion of Russian Citizens and Residents:
- BitMEX excludes Russian citizens and residents from accessing services if they are located in the European Union. However, exceptions are made for those residing in the European Union or Switzerland or holding dual citizenship with the European Union or Switzerland and residing outside Russia.
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Exclusion of Legal Persons in Russia:
- Legal persons located in or established in Russia are also excluded from BitMEX services if their authorized persons access the platform from the European Union.
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Contact Information:
- The article provides [email protected] as a contact point for users seeking further information. This emphasizes the platform's commitment to transparency and customer support.
In summary, the provided information outlines BitMEX's compliance measures and restrictions based on specific geographical and legal criteria. Understanding and adhering to these limitations is crucial for users to ensure they can use the platform in accordance with regulatory requirements.
FAQs
Restricted Jurisdiction means any jurisdiction where local laws or regulations may result in a significant risk of civil, regulatory or criminal exposure if information concerning the Acquisition is sent or made available in that jurisdiction; Based on 46 documents.
Why is BitMEX banned in the US? ›
The CFTC complaint charged the entities and founders with operating the BitMEX platform while conducting significant aspects of BitMEX's business from the U.S. and unlawfully accepting orders and funds from U.S. customers to trade cryptocurrencies, including derivatives on bitcoin, ether, and litecoin.
What are the restricted jurisdictions of BitMEX? ›
Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People's Republic of China, the Republic ...
Is Binance restricted jurisdiction in Germany? ›
Is Binance legal in Germany? No. Binance withdrew services from Germany in 2023 due to issues with the regulatory environment.
What does jurisdiction mean when it comes to the court system? ›
Jurisdiction can be defined as: Power of a court to adjudicate cases and issue orders; or. Territory within which a court or government agency may properly exercise its power.
Can Americans use BitMEX? ›
In short, BitMEX isn't authorized by the Commodities Futures Trading Commission (CFTC). Since it doesn't have a license, you can't use their services in the US – unless you get an IP address from a country where BitMEX is accessible. A VPN can help you here!
Can US citizens buy crypto? ›
When it comes to buying crypto like Bitcoin, there are a lot of factors that come into play, such as location and protocol. Fortunately in United States, you can buy Bitcoin on Coinbase's centralized exchange.
Why are so many crypto exchanges banned in the USA? ›
The U.S. Securities and Exchange Commission (SEC) has scrutinized many digital currencies as unregistered securities. Many crypto issuers are already subject to SEC enforcement. SEC Chair Gary Gensler has called on certain crypto exchanges to register with the agency as securities trading platforms.
Can I trust BitMEX? ›
BitMEX is a highly professional crypto derivatives exchange with deep liquidity. The derivatives trading platform supports trading for 26 cryptocurrencies. A lack of regulatory licenses may deter potential customers.
Who owns BitMEX? ›
BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorised affiliates.
Yes, US traders have access to leverage when trading certain financial instruments, such as futures contracts, options, and margin accounts offered by regulated brokers.
What states in usa is Binance restricted? ›
Unfortunately, Binance.US services are currently not available to customers who reside in the following states/regions/territories:
- Alaska.
- American Samoa.
- Guam.
- Hawaii.
- Maine.
- Northern Mariana Islands.
- New York.
- North Carolina.
Binance.US is available to most U.S. residents, unlike parent company Binance. But there are some restrictions. The exchange isn't available in Alaska, American Samoa, Hawaii, Maine, New York, the Northern Mariana Islands, Texas, the U.S. Virgin Islands and Vermont.
Which countries cannot use Binance? ›
Here is a comprehensive list of countries where Binance has been banned worldwide:
- Canada.
- China.
- Japan.
- Italy.
- Phillipines.
- United States.
- Australia.
- India.
A court of limited jurisdiction has authority to hear and decide cases only of a particular subject matter. All federal courts are courts of limited jurisdiction. Federal district courts only have the power to hear cases that arise under federal law, or cases that meet the requirements for diversity jurisdiction.
What is an example of a limited jurisdiction case? ›
Small claims court is a court of limited jurisdiction. It can only hear and decide cases that claim damages of $10,000 or less. Limited civil courts can only hear and decide cases for up to $25,000.
What is an example of a jurisdiction? ›
Jurisdiction may depend on where you are (for example, in which state), on who you are (if you're a juvenile, for example, you may only be tried in juvenile court), and on what the subject is (for example, cases involving the estate left by someone who has died are dealt with in probate court).
What are the three levels of jurisdiction? ›
The federal court system has three main levels: district courts (the trial court), circuit courts which are the first level of appeal, and the Supreme Court of the United States, the final level of appeal in the federal system.
