LazaiTrader Restricted Jurisdictions
**Last Updated: December **
IMPORTANT NOTICE
LazaiTrader is NOT available to users in certain jurisdictions due to regulatory requirements, sanctions compliance, and legal restrictions on cryptocurrency activities.
By using LazaiTrader, you represent and warrant that you are NOT located in, incorporated in, or a citizen or resident of any Restricted Jurisdiction listed below.
1. FULLY RESTRICTED JURISDICTIONS
Users in the following jurisdictions are completely prohibited from using LazaiTrader:
1.1 OFAC Sanctioned Countries
These countries are subject to comprehensive sanctions by the United States Office of Foreign Assets Control (OFAC):
| Country | Reason |
|---|---|
| Cuba | Comprehensive US sanctions |
| Iran | Comprehensive US sanctions |
| North Korea (DPRK) | Comprehensive US sanctions |
| Syria | Comprehensive US sanctions |
| Crimea Region (Ukraine) | US/EU sanctions |
| Donetsk People's Republic | US/EU sanctions |
| Luhansk People's Republic | US/EU sanctions |
1.2 Countries with Cryptocurrency Bans
These countries have enacted laws prohibiting or severely restricting cryptocurrency trading:
| Country | Status |
|---|---|
| China | Cryptocurrency trading banned |
| Algeria | Cryptocurrency prohibited |
| Bangladesh | Cryptocurrency banned |
| Bolivia | Cryptocurrency prohibited |
| Egypt | Cryptocurrency restricted/banned |
| Iraq | Cryptocurrency prohibited |
| Morocco | Cryptocurrency banned |
| Nepal | Cryptocurrency trading banned |
| Pakistan | Cryptocurrency banned |
| Qatar | Cryptocurrency prohibited |
| Tunisia | Cryptocurrency restricted |
1.3 Additional Sanctioned Regions
| Region/Entity | Reason |
|---|---|
| Belarus | EU/US sanctions |
| Russia | Partial sanctions (restricted) |
| Myanmar | Targeted sanctions |
| Venezuela | Targeted sanctions |
| Zimbabwe | Targeted sanctions |
2. UNITED STATES RESTRICTION
2.1 General US Restriction
Users located in the United States of America are NOT permitted to use LazaiTrader.
This includes:
- All 50 states
- District of Columbia
- Puerto Rico
- US Virgin Islands
- Guam
- American Samoa
- Northern Mariana Islands
- All other US territories and possessions
2.2 Reason for US Restriction
The regulatory landscape for cryptocurrency trading services in the United States is complex and includes:
- Securities and Exchange Commission (SEC) regulations
- Commodity Futures Trading Commission (CFTC) oversight
- State-level Money Transmitter License requirements
- FinCEN registration requirements
- Various state-specific cryptocurrency regulations
LazaiTrader does not currently hold the necessary licenses to operate in the United States.
2.3 US Person Definition
For purposes of this restriction, a "US Person" includes:
- Any natural person residing in the United States
- Any corporation or partnership organized under US law
- Any estate of which any executor or administrator is a US Person
- Any trust of which any trustee is a US Person
- Any agency or branch of a foreign entity located in the United States
3. COUNTRIES REQUIRING CAUTION
Users in the following jurisdictions should exercise additional caution and verify local laws before using LazaiTrader:
3.1 Countries with Restrictive Regulations
| Country | Notes |
|---|---|
| India | Unclear regulatory status; high taxation proposed |
| Indonesia | Cryptocurrency trading regulated; services restricted |
| Vietnam | Payment in cryptocurrency prohibited |
| Thailand | Cryptocurrency regulated; certain activities restricted |
| South Korea | Heavy regulation; some services restricted |
| Turkey | Cryptocurrency payments prohibited |
| Nigeria | Banks prohibited from crypto services |
| Kenya | Regulatory uncertainty |
3.2 Countries with Licensing Requirements
| Country | Requirement |
|---|---|
| United Kingdom | FCA registration may be required |
| Canada | MSB registration and provincial requirements |
| Australia | AUSTRAC registration required |
| Japan | FSA licensing required |
| Singapore | MAS licensing required |
| Germany | BaFin licensing required |
| France | AMF registration required |
Note: LazaiTrader may not hold licenses in these jurisdictions. Users are responsible for verifying compliance with local laws.
4. SANCTIONS SCREENING
4.1 Prohibited Persons
In addition to geographic restrictions, the following persons are prohibited from using LazaiTrader:
- Individuals or entities on the OFAC Specially Designated Nationals (SDN) List
- Individuals or entities on the EU Consolidated Sanctions List
- Individuals or entities on the UN Security Council Sanctions List
- Individuals or entities on the UK Sanctions List
- Any person subject to asset freezes or financial sanctions
- Politically Exposed Persons (PEPs) from sanctioned countries
4.2 User Representation
By using LazaiTrader, you represent that:
- You are not on any sanctions list
- You are not acting on behalf of any sanctioned person or entity
- Your funds are not derived from sanctioned activities
- You will not use LazaiTrader to evade sanctions
5. VPN AND CIRCUMVENTION
5.1 Prohibition on Circumvention
Users may NOT use VPNs, proxies, or other tools to:
- Mask their true location to circumvent geographic restrictions
- Access LazaiTrader from a Restricted Jurisdiction
- Evade sanctions or regulatory requirements
5.2 Consequences of Circumvention
Attempts to circumvent geographic restrictions may result in:
- Immediate termination of access
- Forfeiture of any claims against LazaiTrader
- Reporting to relevant authorities
- Legal action
6. USER RESPONSIBILITY
6.1 Compliance Obligation
You are solely responsible for:
- Determining whether your use of LazaiTrader is legal in your jurisdiction
- Complying with all applicable local laws and regulations
- Understanding the tax implications of cryptocurrency trading in your jurisdiction
- Obtaining any necessary licenses or registrations for your trading activities
6.2 No Legal Advice
This document does not constitute legal advice. The regulatory landscape for cryptocurrency is complex and rapidly evolving. Consult with qualified legal counsel in your jurisdiction.
6.3 Changes in Law
If laws in your jurisdiction change to restrict or prohibit cryptocurrency trading:
- You must immediately cease using LazaiTrader
- You should withdraw all funds from your Smart Contract Wallet
- Continued use would be in violation of these Terms
7. DISCLAIMER
7.1 No Guarantee of Compliance
While LazaiTrader maintains this list of Restricted Jurisdictions:
- We cannot guarantee that using the service is legal in any particular non-restricted jurisdiction
- Laws vary significantly by country, state, and locality
- Regulations change frequently
- Enforcement approaches differ
7.2 Limitation of Liability
LazaiTrader is not liable for:
- Any consequences arising from your use of the service in violation of local laws
- Regulatory actions taken against you
- Tax penalties or legal fees
- Seizure of assets by authorities
8. UPDATES TO RESTRICTED JURISDICTIONS
8.1 Changes
This list of Restricted Jurisdictions may be updated at any time to reflect:
- Changes in sanctions programs
- New regulatory requirements
- Legal developments
- Risk assessments
8.2 Notification
We will make reasonable efforts to notify users of significant changes through:
- Updates to this document
- Announcements via the Telegram bot
- Official community channels
8.3 Immediate Effect
Changes to Restricted Jurisdictions take effect immediately upon posting. If your jurisdiction becomes restricted, you must:
- Immediately stop using LazaiTrader
- Withdraw all funds from your Smart Contract Wallet
- You may not initiate new trades or configurations
9. CONTACT
If you have questions about whether you are eligible to use LazaiTrader based on your jurisdiction, please contact us through official channels before using the service.
BY USING LAZAITRADER, YOU CONFIRM THAT YOU ARE NOT LOCATED IN, NOR A CITIZEN OR RESIDENT OF, ANY RESTRICTED JURISDICTION LISTED ABOVE.