Bittrex Cryptocurrency Exchange this Monday reported that the regulator was wrong when it recognized its two users as North Korean citizens.
Bittrex analyzed two accounts that, according to the New York Department of Financial Services, should not have access to the American trading platform, and concluded that they already came into her field of vision during an investigation in October 2017.
South Korean residents mistakenly selected North Korea in our country dropdown menu, but we determined through country identifictation, physical and IP addresses that ALL were from South Korea.
Earlier, a representative of the regulator in a conversation with CoinDesk said that during the audit of Bittrex accounts this year, they identified two users from North Korea.
More may exist. At least one North Korean account was active into 2017. [along with two accounts in another sanctioned country, Iran, that were active during this year’s examination].
Executive deputy superintendent for banking, NYDFS
Access of such users to the exchange was one of the reasons for the refusal of Bittrex to issue a license to serve New Yorkers. The company did not agree with the charges brought against it.