(KYIV, UKRAINE) – Crypto exchange Bitget, registered in Seychelles, has added Russia, Belarus and Kazakhstan to its list of prohibited jurisdictions, requiring affected users to close trading positions and withdraw funds by 21st October or face restricted account access.
The updated terms of use, dated 16th October, bar residents of the three countries from using the platform’s services . The exchange also explicitly prohibits users from circumventing geographic restrictions through VPNs, according to the revised agreement .
Under the new rules, Bitget reserves the right to close open positions independently, restrict withdrawals and, under certain circumstances, convert user assets into other cryptocurrencies . Affected customers are being notified individually by email, in-app messages or push notifications, with specific deadlines and withdrawal procedures set out in those communications .
Some users have reported receiving notices setting a deadline of 10:00 Moscow time on 21st October to close all positions and withdraw assets, with new trades becoming unavailable from 18th October . Bitget has not disclosed how many clients are affected or the volume of cryptocurrency held in their accounts .
The exchange described the move as “a one-off exercise for certain users only” and said its trading platform would continue operating for customers who have not received termination notices . Bitget’s support team will assist affected users with withdrawals and pending orders .
Bitget’s prohibited jurisdictions list also includes the United States, Canada, France, Germany, Japan, Singapore, Iran and North Korea, among others
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