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Summary: BitMart imposes stringent access restrictions for users from specific countries and regions, including Afghanistan, Mainland China, Iran, New York and North Korea, to comply with international regulatory standards and ensure the security of its platform.
Despite these restrictions, BitMart serves users in over 180 countries, offering a robust trading platform that includes mandatory KYC verification, spot and futures trading, and access to over 1500 cryptocurrency assets.
What Countries Does BitMart Restrict?
BitMart restricts its services to residents of several countries, including Afghanistan, the Balkans, Belarus, Burma, Mainland China, Côte d'Ivoire (Ivory Coast), Cuba, Crimea, the Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe, and the State of New York.
These restrictions are in place due to regulatory and compliance requirements. BitMart aims to adhere to international laws and ensure the security and legality of its operations, preventing access from regions with heightened financial or political risks.
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BitMart Supported Countries
BitMart supports users from over 180 countries, providing access to its comprehensive suite of cryptocurrency trading services. The platform is designed to be globally accessible, ensuring that users from a wide range of regions can benefit from its features.
Supported countries include, but are not limited to, the United States (except New York), Canada, the United Kingdom, Australia, Japan, South Korea, Germany, France, India, Brazil, and South Africa. BitMart aims to offer a seamless and secure trading experience for users worldwide, adhering to local regulations and maintaining a reliable platform for digital assets.
BitMart Licenses
BitMart is an international digital services financial institution with branch offices worldwide. It ensures compliance with local regulations to provide secure and reliable cryptocurrency trading services. Here are the BitMart’s current licenses:
- United States: BitMart is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN).
- Lithuania: BitMart EU UAB is a registered financial service company regulated by the Financial Crime Investigation Service (FCIS) as a digital currency exchange.
Does BitMart Enforce KYC?
Yes, BitMart enforces Know Your Customer (KYC) procedures. During registration, users must provide personal information, such as name, address, date of birth, and government-issued ID, to verify their identity. This compliance with regulatory requirements helps prevent fraud and ensures a secure trading environment.
About BitMart
BitMart is a global digital asset trading platform supporting over 10 million users across 180 countries, offering secure and professional services for buying, trading, and holding over 1500 cryptocurrencies. Founded in 2017, BitMart provides various financial products, including spot and futures trading, staking, and savings options, as well as a marketplace for NFTs.
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Bottom Line
In conclusion, BitMart enforces restrictions on its platform to comply with international regulations and ensure a secure trading environment. By limiting access to residents of countries with heightened financial or political risks, such as Afghanistan, Mainland China, and Iran, BitMart maintains its commitment to legal compliance and user security.