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RE: Bittrex is ceasing operations in my country
Greetings dearest friend @jadams2k18
You know? He had read this news in the digital media, but there he attributed these actions to sanctions by the US to the Venezuelan government.
Now with your publication I realized that it is due to decisions made by Bittrex policies.
It is unfortunate that this is happening but definitely the economic policies and the bad reputation of the Venezuelan government have much to do with this decision.
Your friend, Juan
Hello, my dear friend!
Maybe as @forykw says, they have to do business with companies like VISA, Mastercard, Paypal, etc. For this reason, they have to meet certain requirements to do so. I wouldn't want to go into conspiracy theories, but there is something fishy about all this.
Stay blessed
It's not so much about requirements (at their level), but more about, the less "potential risks you can point" the more serious investors you will attract. That is usually a easier "pass" to regulators or highly regulated companies.
For one reason VISA has one of the best PCI compliant process that itself it's so expensive to maintain that makes hard for any other competitors to face to margin profits when having to do the same.
I highly hope that things like PCI compliance become blockchain based, which will basically streamline the process and lower the costs of it, making it automatically visible to everyone if someone is being compliant or not. Making it easier for startups to be very risk-free and mature way faster than what they have to face currently if attempting the same game.
Blockchain tech has huge advantages if BIG corporations stop "forking" the work of others just to say, "it's ours" and add the desired %... the tech is here, stop copying it and say it's new, use (and improve) what is already FREE!