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Bitget Tightens Crypto Transfers to 16 Platforms Amid Sanctions Push


Bitget Tightens Crypto Transfers to 16 Platforms Amid Sanctions Push

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Bitget is tightening controls on transactions involving 16 cryptocurrency platforms following sanctions actions by US and European authorities.

The exchange is rolling out the restrictions in three stages, targeting platforms including HTX and EXMO. Bitget warned that transactions routed indirectly through the affected platforms could also face additional checks.

Sanctions Drive New Restrictions

Bitget began the first round on Aug. 7, covering Aban Tether Exchange and Shelbit General Trading.

The second round started Aug. 13 and included A7 Africa, A7 Nigeria and PilotFinance. The largest group faces restrictions from Aug. 23, including HTX, EXMO, Rapira, Aifory Pro and ABCeX.

Related: Binance Bans 11 More Crypto Platforms: Is Your Exchange on the List?

The first two rounds follow US Treasury sanctions targeting entities accused of helping evade restrictions. T…

Read The Full Article Bitget Tightens Crypto Transfers to 16 Platforms Amid Sanctions Push On Coin Edition.

Read the article at CoinEdition

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