BitMEX, one of the largest crypto derivatives exchanges has recently announced that it will be restricting access to several jurisdictions due to insider-trading preventative measures.
The jurisdictions to be affected are Hong Kong, Seychelles, and Bermuda. All of these jurisdictions have a BitMEX presence. Seychelles with the HQ, Hong Kong with one of the main offices and Bermuda with most of the operations staff. The decision was made by BitMEX’s parent company, HDR Global Trading Limited that mentioned that the restrictions will remove any and all risks of involving company employees’ insider trading dangers.
The official announcement stated that the change was being made in accordance with new regulations all over the world, but there is very little information if a financial institution demanded such practices to be enforced.
Source : CryptoNews
