August 8, 2024

Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions

Retrieved

Paxful users rushed to share the statement on social media, rejecting the decision, and asking for more clarity. Their concerns were later heard with a farewell video from the Paxful LatAm team. They explained that “regulations are getting stricter,” assuring in a later tweet that they were explicitly pulling the plug due to the sanctions issued by the OFAC. By Felix Mollen. Full Text ->CryptoPotato

Translation/ Traducción