Transactions With a Nexus to Iran

  • Updated

We have an important update regarding our policies related to transactions that have a nexus to Iran.

Bitbuy is committed to adhering to the highest standards of global compliance and regulatory requirements. As a regulated institution, we are obligated to follow all ministerial directives as enacted by the Government of Canada.

Regrettably, due to our risk tolerance and compliance obligations, we are unable to facilitate transactions that have a nexus to Iran, including those to or from Virtual Asset Service Providers (VASPs) in Iran, persons, or entities in Iran, and/or other related parties that have a nexus to Iran.

This is not a decision we take lightly and is in no way a reflection on our valued clients’ individual circumstances. 

We wish to assure you that this policy update is based solely on our obligations related to the Ministerial Directives as it relates to Iran and enacted by the Government of Canada.

More information on the Ministerial Directive can be found at:

We understand that this update to our policy may bring about unexpected challenges, and we sincerely apologize for any inconvenience it may cause. That said, failure to comply with this policy update may lead to restrictions or even the closure of your Bitbuy account.

Your understanding and cooperation with this policy update means a great deal to us and we’d like to thank you for being a valued Bitbuy client.

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