Sorry Venezuela, we're out of here. UpholdInc is exiting the country.
Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.“owing to the increasing complexity of complying with U.S. sanctions” the platform would “very reluctantly” be moving out of Venezuela. The platform advised users to withdraw their funds as soon as possible, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” starting on Sept. 30.
“As a U.S. financial institution, Uphold has to comply with U.S. sanction programs administered by the U.S. Office of Foreign Assets Control , including those against the government of Venezuela, state-owned entities and their employees,” said the platform. “Without a change in applicable law, or specific permission from OFAC, these regulations may prohibit us from releasing funds to a small number of our Venezuelan customers.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands of Medical Professionals Urge Supreme Court To Uphold Roe: 'Provide Patients With the Treatment They Need'Over 2,500 healthcare professionals from all 50 states have signed a letter urging the Supreme Court to scrap their leaked Dobbs v. Jackson Women's Health Organization draft opinion and uphold Roe. 'As medical professionals, we have a duty to provide our patients with the treatment they need to be safe and healthy. Patients should be able to make their own decisions about their health, using science and medical guidance from their physicians, without interference or influence from politics or the courts.'
Read more »
FDA Orders a Ban on Juul Products From U.S. MarketsOn Thursday, the FDA ordered Juul, which has long been cited as the reason for the national rise in teen vaping, to pull its e-cigarette products from U.S. markets.
Read more »
U.S. Department of Labor cites TimkenSteel for worker killed by a machineOSHA said in a Wednesday statement it found the company failed to install guards or provide proper hand tools to prevent workers from getting entangled while operating a bar straightener machine.
Read more »
Trump praises Supreme Court on gun control: 'Elections have consequences'The former president boasted that the justices he appointed 'upheld the Second Amendment.'
Read more »
Concealed carry instructor says Supreme Court 'upheld' the Constitution by striking down NY gun lawFox News host Laura Ingraham spoke with concealed carry instructor Leon Spears about the implications the Supreme Court's ruling on gun laws would have nationwide.
Read more »
San Diego County Water Authority to increase 2023 ratesThe San Diego County Water Authority voted to increase rates in 2023 due to what the agency claimed are inflationary pressures.
Read more »