Bittrex Gets U.S. Approval To Unfreeze Sanctioned Users

The Office of Foreign Assets Control (OFAC) has granted U.S. cryptocurrency exchange Bittrex a license to allow customers in sanctioned jurisdictions to withdraw their funds.

Bittrex began blocking customers in heavily sanctioned jurisdictions from accessing their accounts in late 2017, after what John Roth, the company’s head of compliance, reportedly said was an “unintentional gap” in the company’s procedures allowed some users in Iran to trade on the platform.

Ziya Sadr, an Iranian whose account was frozen during the purge, published a letter from the exchange on Twitter on November 8.

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