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PSA: Don't trade futures if you're in a country that doesn't allow it.

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by COINS NEWS 56 Views

I've been seeing a few comments and posts about frozen assets and ''return of lost assets'' (meaning they take all the profits you made from all your trades) from users of Mexc and bitrue. At first it was concerning but after looking into it deeper it seemed to be people trading futures while in a country that doesnt allow this. This is actually a step towards adoption if the CEX is abiding by local regulations so should be celebrated in a way. Just sucks for those people that lost the profits they made or had their account frozen. So going forward, if you're trading futures, make sure you're allowed to in your country. Don't think that a VPN will save you either, that in itself can flag up a concern for the CEX. Stay safe and abide by the rules peeps.

submitted by /u/primordial_gloop
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