In this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the crypto industry are facing limited access to banking services.
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Bitmex Bans Traders From Multiple Jurisdictions
Digital asset exchange Bitmex has updated its Terms of Service this week introducing significant changes to the agreement. Users from a number of countries, including the United States, Cuba, Syria, North Korea, and Sudan won’t have access to its services in the future. The restrictions also apply to residents of the Canadian province of Quebec as well as traders from the Autonomous Republic of Crimea and the Federal City of Sevastopol in the Russian Federation.
The Seychelles-based operator of the…