Beginning July 8, 2019 (9:00 AM EST) the following users will no longer be able to use Bancor’s web application, https://www.bancor.network, to convert tokens.
- US citizens, domiciliaries or users with US IPs;
- Users with IPs originating from a country that is embargoed or restricted by the Swiss State Secretariat for Economic Affairs (SECO): Belarus, Burundi, Central African Republic, Congo, DPRK (North Korea), Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Republic of South Sudan, Somalia, Sudan, Syria, Venezuela, Yemen, Zimbabwe.
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.