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❕NEWS Paxful exit Venezuela citing US sanction.

S

SCAMEXPOSER

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Decrypt , a new tracker revealed that a North America Crypto Exchange platform named Paxful sent mails to the Venezuela subscribers of their intention to withdraw their Crypto currencies exchange services to the country considering the risk involved in relation the sanction by office of foreign assets control. (OFAC) which has prevented Americans from doing business with Venezuelan.
 
Decrypt , a new tracker revealed that a North America Crypto Exchange platform named Paxful sent mails to the Venezuela subscribers of their intention to withdraw their Crypto currencies exchange services to the country considering the risk involved in relation the sanction by office of foreign assets control. (OFAC) which has prevented Americans from doing business with Venezuelan.
Well, paxful might be taking the best solution for them since there's a sanction already in place. Since there's risk involved then there will be a need to adhere to it.
 
It will be too risky for paxful to run business in Venezuela since there is already ban in place because in case of any eventualities they won't get protection from either of the government.
 
Wow . This is a sad news both for the exchange site and the Americans as this has created a wall between them . I hope that this law is reevaluated and amend
 
This is really ridiculous,its what makes me wonder wether our poor economic performance was created or its inborn and in my case its created.There is no way that individuals shoukd suffer becaus of political situations and stance.Venezuela has had a negative fall with Usa for a very long time because of its political ties and beliefs.But now such a wonderful service is being with drawn from the innocent citizens
 
I think that can't stop them from using cryptocurrencies.The good thing is diversification and creation of more Cryptos wallets will be advantageous. I am not from Venezuela but the I know the people from that country being very creative and they know how to survive with this online jobs.I think they may have started something to make money before they were realized .I have always wished to get involved with this guys to achieve more earning sites and ways for multiple streams.Binance is one of the best Cryptos wallets with cheap transactions but I don't know if they accept people from Venezuela.
 
The best is for the ones with technological and Crypto currencies knowledge should mop up funds together to start their own Exchange platforms for the benefit of Venezuelans.
 
I guess it's better they move away so they won't invest much and later have regret , now that they already know about the law then it's better to abide
 
They had gone already, it is the way forward that matters now which is how best other Crypto enthusiasts will launch their own platform to fill in the space of paxful.
 
They had gone already, it is the way forward that matters now which is how best other Crypto enthusiasts will launch their own platform to fill in the space of paxful.
The earlier the better to one that comes in faster to rescue crypto lovers in Venezuela. I think paxful must have had a good number of users within the country and it must have left a huge gap .Introduction of any new wallet offering favourable and similar services to paxful will make it by attracting the former paxful users.This is a good chance also for any wallet trying to get more users by taking advantage of a situation like this.
 
Sure paxful has a big customer base so if any one rise up to establish a bigger Crypto Exchange platform it will easily boost it customers base and paxful will be forgotten.
 
The earlier the better to one that comes in faster to rescue crypto lovers in Venezuela. I think paxful must have had a good number of users within the country and it must have left a huge gap .Introduction of any new wallet offering favourable and similar services to paxful will make it by attracting the former paxful users.This is a good chance also for any wallet trying to get more users by taking advantage of a situation like this.
You are right. This is a very wonderful opportunity to take advantage of by those into Cryptocurrencies exchange. People will surely embrace them quickly.
 
You are right. This is a very wonderful opportunity to take advantage of by those into Cryptocurrencies exchange. People will surely embrace them quickly.
Chances comes only once and I think it could be nice if not taken for granted. Crypto world is growing very fast though and it is good to have a portion in it ,make something when it is there.
 
Chances comes only once and I think it could be nice if not taken for granted. Crypto world is growing very fast though and it is good to have a portion in it ,make something when it is there.
You are very right about that. It would not be very surprising when some exchange comes to lap up the opportunity created by Paxful's exit.
 
You are very right about that. It would not be very surprising when some exchange comes to lap up the opportunity created by Paxful's exit.
I think binance is a good option ,coinbase ,localbitcoin and many other more p2p.You can trade conveniently with them as one can also see the conditions available for every country or any restrictions given.
 
I don't these exchange platforms mentioned are willing to go to Venezuela nor render services related to Crypto to local currency exchange for Venezuelans.
 
Yeah. Paxful is no longer offering any service in Venezuelans.
One thing is quit Impressive that they mailed all users to withdraw their money
 
Yeah. Paxful is no longer offering any service in Venezuelans.
One thing is quit Impressive that they mailed all users to withdraw their money
It a legit exchange platform that will not want any thing to tarnish their image in the crypto competitive market, what is happening to okex now will surely affect their customer base.
 
Good they informed their customers to withdraw their funds. The beauty of crypto is that you can store your coins in wallets that doesn't bother about your country.
 
I guess the difference is that they can still keep their coins with paxfull but the features of trading and conversion may not be there .
 

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