Cryptocurrency News

Uphold withdraws with Venezuela, citing US sanctions

06/24/2022

Less than a minute

2022.06.24 01:00

Uphold withdraws with Venezuela, citing US sanctions

Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.

In a Thursday announcement, Uphold said “owing to the increasing complexity of complying with U.S. sanctions” the platform would “very reluctantly” be moving out of Venezuela. The platform advised users to withdraw their funds as soon as possible, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” starting on Sept. 30.

06/24/2022

Less than a minute

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