RATE Group | Germany has lost its BitPay cryptocurrency provider
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Germany has lost its BitPay cryptocurrency provider

03 Aug Germany has lost its BitPay cryptocurrency provider

Posted at 23:31h in Cryptocurrency News by

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03/08/19 06:00 UTC-5

BitPay no longer works in Germany
BitPay no longer works in Germany

Upcoming regulations force cryptocurrency companies to stop promoting their services in countries such as Germany, in connection with this BitPay announces the cessation of work in the country.

 

BitPay abandoned Germany

BitPay is a cryptocurrency service provider based in Atlanta, USA. In response to a user question: “Why can’t I use BitPay services in my country?”

The company replied: “Based on our interpretation of local norms and laws, we decided to leave Germany at the present time.”

The latest cryptocurrency news has shown that in addition to Germany, the BitPay provider cannot serve sellers or users “based in Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Egypt, Indonesia, Iraq, Kyrgyzstan, Morocco, Nepal, or Vietnam because the company complies with local regulations that prohibit cryptocurrency.

“If your country has banned the use of Bitcoins or other cryptocurrencies at all, we cannot offer our services to…

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