Exchange bitcoin derivatives BitMEX has updated this week’s agreement, formally forbidding users to trade a number of countries, including the USA, Cuba, Syria, North Korea and Sudan. Also this list includes residents of the canadian province of Quebec, Crimea and Sevastopol.
As noted CryptoGlobe, the new agreement was much bigger legacy, increasing from 2800 to almost 5,000 words. In particular, the new sections include updating company policies regarding conditions of access to the platform, as well as the “accuracy and availability” of services. Also added sections devoted to trading commissions, data protection and intellectual property.
Regarding access restrictions, the new agreement reads:
“If you are in the United States or Quebec, or are their residents, you understand and acknowledge that you may not hold the position and contract on BitMEX. If you are or are a resident of Cuba, Crimea and Sevastopol, Iran, Syria, North Korea and Sudan, or any other jurisdiction where restricted services BitMEX, you also understand and acknowledge that you may not hold the position and contract”.
If you attempt to hide your true location, the exchange reserves the right to immediately close the accounts of such users and to liquidate any open positions.
Another key change in the user agreement for owning HDR Global Trading Limited (parent company BitMEX) “any work in the field of derivatives”, originating from the user content. As the company claims, it has the right to use this work “for any purpose, commercial or otherwise”.
This implies that BitMEX can use any of the content that users create on the platform to organize and analyze this information at will, and even sell. At the same time, the company categorically rejects the assumption that it can sell user information to third parties.
The new user agreement BitMEX takes effect from March 6.
Recall that BitMEX plans to deactivate the trading account of the clients from the USA and Quebec, it was reported in January. In addition, at the end of last year the exchange shut down the account ton Weiss, suggesting that he is a U.S. citizen.