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Restricted and Sanctioned Countries Policy

As cryptocurrency regulations continue to evolve worldwide, many countries now require crypto platforms and wallet providers to obtain local registrations or licenses before offering services to their residents. 

In some jurisdictions, Wealth99 may be unable to onboard new customers or provide certain services until the necessary local registrations or approvals are obtained. As regulations change, restrictions may also affect existing customers.

 

 

Restricted Countries

Restricted countries are jurisdictions where local regulations require additional registrations, licenses, or approvals before Wealth99 can provide services to residents.

Important Notes

  • Residents of restricted countries cannot onboard to the Wealth99 platform.

  • Citizens of restricted countries who legally reside in an acceptable country are eligible to onboard.

  • Fiat banking transactions must originate from a bank account domiciled in an acceptable country.

  • Existing customers from restricted countries may retain access to their accounts and view their balances, but may be subject to trading restrictions.

List of Restricted Countries

  • Croatia

  • Japan

  • Malaysia

  • Mauritius

  • New Zealand

  • Singapore

  • Slovenia

  • USA

 

 

Sanctioned Countries

Sanctioned countries are jurisdictions subject to international economic sanctions or heightened anti-money laundering and counter-terrorism financing restrictions. Wealth99 is required to comply with applicable sanctions regulations.

Important Notes

  • Residents and citizens of sanctioned countries cannot onboard to the Wealth99 platform.
  • Wealth99 cannot provide services to individuals from sanctioned jurisdictions.

List of Sanctioned Countries

  • Afghanistan
  • Belarus
  • Burundi
  • Central African Republic
  • Congo
  • Crimea
  • Cuba
  • Guinea - Bissau
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • Mali
  • Myanmar
  • Nicaragua
  • North Korea
  • Russia
  • Sevastopol
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Ukraine
  • Venezuela
  • Yemen
  • Zimbabwe

 

 

Frequently Asked Questions

Why wasn't this restriction in place when I signed up?

Cryptocurrency regulations continue to evolve globally. New laws and licensing requirements can be introduced after an account has already been opened. When this occurs, Wealth99 must adapt its services and compliance processes to meet the updated legal requirements. Obtaining new licenses or registrations can be a lengthy process and takes time.

 

I'm from a restricted country. What happens to my coins?

Your coins remain secure on the Wealth99 platform, and you can log in at any time to view your balances. However, you may be restricted from making new transactions. Wealth99 is actively working to obtain the necessary licences and registrations in restricted countries, but this process will take time.

If you prefer not to wait and wish to move your coins, we can assist you in transferring them to an external wallet, subject to compliance checks. To begin, please submit a request including your country of residence and your intention to withdraw.

 

My account was previously verified. Why do I need to verify again?

Compliance standards change over time. Information or documents that satisfied earlier requirements may no longer meet current regulatory obligations. In such cases, Wealth99 may request updated identification or address verification documents to maintain compliance.

 

Got any questions? Please contact our team here, and we'll be happy to help you.