CODEX, a cryptocurrency exchange licensed in Estonia, announced that in order to stay compliant with the law, moving forward, users originating from the United States won’t be able to use the exchange platform, and all underlying functionality including trading, deposits, withdrawals, registrations, etc.
Current users will be provided a 23-day timeframe starting from July 9th until August 31st which shall be used to withdraw deposited digital assets from CODEX. Starting from August 1st, 2019, users who have not managed to get compliant with new Terms of Use will be restricted access.
“We aim to make our business as compliant as possible to stay within the regulatory landscape and thus to provide our users with the securest possible trading experience. Unfortunately, we cannot continue serving users who don’t comply with the updated Terms of Use.”
– CODEX Exchange Team
Other Features
CODEX allows users to trade without the need to pass the KYC procedure with a daily withdrawal limit up to 2000 USDT. In case a user’s withdrawals reach a limit of 15000 USDT a year, a user will have to pass KYC to continue using the exchange. To deposit or withdraw fiat currencies, users must pass the KYC procedure.