You were confused by statements from various governments about mining regulation, and you insisted on anonymity and believed in unrestricted cryptocurrency mining without taxes. Prepare for a blow below the belt – the famous exchange Bittrex has blocked payouts to its customers and requires verification for withdrawals.
And what does this mean? According to representatives of the exchange, everything seems quite understandable – the company does not want dirty money to be laundered through it, terrorism financed, or fraudulent operations conducted. It is logical to assume that this is some form of insurance for the exchange. However, experts state that the illegality of operations can be established without verification by tracking bank transactions.
What is wrong?
Bittrex representatives dislike that users have multiple accounts, and their owners provide fictitious names instead of real data. Additionally, numerous support requests irritate the company’s representatives, who have provided their clients with reference materials containing answers to most questions.
Users reacted negatively to the exchange’s actions and commented on social networks about the unfairness of the resource – depositing funds and trading are allowed without verification, but documents are required for withdrawals. A foolish move that could cost Bittrex clients if other exchanges do not support verification. And the day is not far off when many governments’ statements about taxing mining income will become a reality.
