Tuesday, January 19, 2021

Has T&T Been Sanctioned by the US?

A Quick Lesson In the Online Crypto World That Relates To Sanctions


I was Rejected

Recently, I applied for an bitcoin wallet with an online company, (details below) .  Generally, to upload funds there are no restriction but when you wish to withdraw funds you are required to complete what is called a KYC.


So what is KYC?



 KYC means Know Your Customer and sometimes Know Your Client.

KYC or KYC check is the mandatory process of identifying and verifying the identity of the client when opening an account and periodically over time.

In other words, banks must make sure that their clients are genuinely who they claim to be.

Banks may refuse to open an account or halt business relationship if the client fails to meet minimum KYC requirements. 


So I applied, sent in my ID with my real address. And this is what I got back. 


ScreenShot of email 


If you can't see the screenshot, here is what it say...


account verification rejected

we were unable to approve your account verification based on the information you provided. please consider the following concerns and try again.

your account verification was rejected because you reside in a country sanctioned by the united states.

it is important to provide complete, accurate information and legible photos of your government identification.


Is T*T Under Sanctions by the US?

If you know, let me know.



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