Famous Peer to peer bitcoin exchange PAXFUL announced to exit venezuala
From now paxful will not provide any services for citizens of venezuala
According to Paxful it was to risky to provide services within the south American country
It cites strict regulations from the US department of foreign assets control
Paxful previously restricted Venezuelean citizens from using few features and making transaction
This morning Paxful mailed Venezuelean customers that they will not be able to use paxful any more from now
Due to concerns regarding the regulatory landscape around venezuala paxful decided to leave for their own safety
Paxful tweeted "We made our best efforts for several months but with current risks we didn't have any choice rather than leave
In past paxful made good amount of money by providing services in venezuala but restrictions are costing more than profits
However paxful indicated if situation improve they are interested to provide services again in venezuala
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