At Brighty App, our mission is to provide a safe and compliant platform for our users to manage their financial needs. This commitment requires us to follow various international and local regulations concerning financial transactions.
Why We Cannot Engage with Sanctioned Entities
Cryptocurrencies have expanded the financial landscape, creating a borderless world of transactions. However, with this evolution, regulatory bodies worldwide have flagged certain cryptocurrency exchanges and service providers as potential risks. Utilizing such sanctioned entities poses serious regulatory, legal, and financial threats.
Here's why Brighty App remains cautious:
Regulatory Compliance: Engaging with sanctioned entities can mean non-compliance with local and international laws, leading to hefty fines and penalties.
Financial Risk: Transactions with these entities may not be secure. Funds could be at risk of theft or fraud.
Reputation: Brighty App values its reputation as a trusted financial service provider. Associating with sanctioned entities could damage this reputation.
Legal Implications: Beyond regulatory fines, there may be legal actions and lawsuits associated with transferring funds to or from sanctioned entities.
Due to these reasons, Brighty App cannot send to, receive from, or process funds from any entity on the sanctioned list.
List of Currently Sanctioned Cryptocurrency Exchanges and Service Providers
Note: This list is not exhaustive. It is updated regularly, but we cannot guarantee that currently un-sanctioned entities will not be sanctioned in the future and we cannot guarantee that the list is complete.
Garantex (garantex.io)
Nobitex (nobitex.ir)
Countries with Generally Sanctioned Financial Markets
For EU, UK, and Switzerland-based providers like Brighty App, the financial markets of certain countries are generally sanctioned.
Here's a concise list:
North Korea
Iran
Syria
Sudan
Crimea (territory of)
Russian Federation
Please also have a look at the list of countries/jurisdictions where the Brighty App is currently available here
Note: Transactions to, from or including countries, regions or territories not on the list might require the provision of additional information (incl. additional documentation related to the source of funds as well as information related to the identity or identities of intended recipients)
It's crucial to remain informed and cautious. If you're ever in doubt about a particular exchange, service provider, or country, please consult with our support team or refer to international sanction lists.
Remember, ensuring a safe and compliant transactional environment is a shared responsibility.
Let's work together to keep Brighty App a trustworthy platform for all.