Updated July 7, 2019 to include information on changes affecting countries embargoed or restricted by SECO.
Beginning July 8, 2019 (9:00 AM EST) US citizens, domiciliaries or users from US IPs will no longer be able to use Bancor’s web application, https://www.bancor.network, to convert tokens. This change will also affect countries embargoed or restricted by the Swiss State Secretariat for Economic Affairs (SECO) - more information.
If you have a Bancor Wallet, you will still be able to log-in, hold tokens, and transfer tokens from the United States or from a country that is embargoed or restricted by SECO. Only the convert functionality will be disabled. This decision has been made in light of increased regulatory uncertainty; at this time, we believe this is the most judicious decision for all the members of our ecosystem. This will enable the Bancor community and ecosystem to innovate faster and with greater clarity.
We would like to clarify that this functionality will be blocked to users accessing the website bancor.network, which offers an interface to blockchain activity. As the Bancor Liquidity Network is a collection of smart contracts on the blockchain, and a non-custodial system, we cannot restrict users from accessing the blockchain itself. This cannot be blocked.
We thank all our community members for their continued support, and we will continue to rally with other industry participants towards innovation and freedom of currency.
- Why is Bancor blocking the U.S.?: In light of increased regulatory uncertainty, we believe that restricting US-based users from executing conversions via our web interface is the most judicious decision for all members of Bancor's ecosystem at this time.
- I'm based in the U.S. - How does this affect me?: Converting tokens using Bancor’s web application (https://www.bancor.network) will no longer be available for users with IP addresses from the United States or US citizens or domiciliaries. All US users with a Bancor Wallet will still be able to log-in, hold tokens, and transfer tokens. The convert functionality on the website will be disabled.
- I'm not based in the U.S., but hold U.S. citizenship / residency - How does this affect me?: On Bancor's web application you will be asked to identify whether you are a United States citizen or domiciliary. All users that identify themselves as United States citizens or domiciliaries will be restricted from converting tokens via Bancor's web application.
- I am not based in the U.S. and do not hold U.S. citizenship / residency - How does this affect me?: Users not in restricted territories will not experience any restrictions or changes at this time using the Bancor web application.