Crypto Exchange Uphold Cuts Off Venezuela Due to 'Complexity' of US Sanctions
U.S. sanctions have forced cryptocurrency exchange Uphold to shut off Venezuela—officially this time.In an update to its website’s help center, the U.K.-based exchange noted that it was shutting down its support for Venezuela due to "increasing complexity of complying with U.S. sanctions."
"We are taking this step very reluctantly,'' a statement from the company noted, adding that Venezuelan users must withdraw their funds as soon as possible. Users will have until July 31 to empty the Bitcoin and other crypto assets from their account wallets and will have their accounts completely restricted as of September 30. This decision puts an end to the uncertainty that Venezuelan users have faced in several waves of sudden account closures by the company.
Source
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