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Are there any exchanges I'm not allowed to send crypto to?

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VALR (Pty) Ltd is a licensed financial services provider. As a licensed and regulated business, we are required to comply with applicable laws and regulatory obligations, including Anti-Money Laundering (AML) and sanctions requirements. This means that we cannot allow crypto asset transfers to or from sanctioned persons, entities, platforms or wallet addresses, or other parties or infrastructure that we identify as being subject to applicable restrictions.

To help you avoid a transfer being delayed, rejected or otherwise restricted, please review the information below before sending crypto from, or receiving crypto into, your VALR account.

Restricted Platforms and Known Associated Entities:

Russian, Ransomware & Cybercrime-Linked Platforms

  • Garantex (Garantex Europe OÜ) — Official Source: U.S. Treasury OFAC SDN List | UK Treasury OFSI Consolidated List | EU Sanctions List
  • Grinex (Successor entity to Garantex) — Official Source: U.S. Treasury OFAC SDN List | UK Treasury OFSI Consolidated List
  • Heleket (Parallel / successor platform to Cryptomus) — Official Source: FINTRAC Enforcement Notice | Law Enforcement & Blockchain Sanctions Evasion Tracking (Garantex Liquidity Facility)
  • HTX (Formerly Huobi Global / Huobi SA) — Official Source: UK Treasury OFSI Consolidated List
  • EXMO Exchange Limited  — Official Source: UK Treasury OFSI
  • Bitzlato (Formerly ChangeBot) — Official Source: U.S. FinCEN 
  • Cryptex (International Payment Service Provider Ltd) — Official Source: U.S. Treasury OFAC SDN List | U.S. FinCEN Enforcement Action
  • PM2BTC — Official Source: U.S. FinCEN | U.S. Treasury OFAC SDN List
  • Suex (SUEX OTT S.R.O. / Suex OTC) — Official Source: U.S. Treasury OFAC SDN List
  • Chatex (Chatextech OÜ / izichange) — Official Source: U.S. Treasury OFAC SDN List
  • Rapira (Rapira Group LLC) — Official Source: UK Treasury OFSI Consolidated List
  • ABCeX (Nueva Cryptologia S.A.S. de C.V.) — Official Source: EU Sanctions
  • Exnode / Exnode Pay (Arvix / Arvix LLC) — Official Source: EU Sanctions
  • Aifory Pro (Sooty Ltd.) — Official Source: EU Sanctions
  • Tradex (Brightum LLC) — Official Source: EU Sanctions
  • BitPapa (BitPapa IC FZC LLC / Alistera Limited) — Official Source: EU Sanctions
  • WhiteBird (WhiteBird LLC) — Official Source: EU Sanctions
  • NoOnecrypto INC. — Official Source: EU Sanctions
  • Monease Ltd — Official Source: EU Sanctions
     

Iranian State-Linked & Middle Eastern Exchanges

  • Nobitex (Nobitex Market) — Official Source: U.S. Treasury OFAC SDN List
  • Wallex (Wallex Exchange) — Official Source: U.S. Treasury OFAC SDN List
  • Bitpin (Bitpin Exchange) — Official Source: U.S. Treasury OFAC SDN List
  • Ramzinex (Ramzinex Exchange) — Official Source: U.S. Treasury OFAC SDN List
  • Shelbit (Shelbit General Trading LLC) — Official Source: U.S. Treasury OFAC SDN List | UK Treasury OFSI Consolidated List
  • Aban Tether (Aban Tether Exchange) — Official Source: U.S. Treasury OFAC SDN List
  • Zedcex / Zedxion (Zedxion Financial Network) — Official Source: U.S. Treasury OFAC SDN List
     

Cross-Border Settlement & MSB Networks

  • A7 Network (A7 LLC, A7 Africa, A7 Nigeria, PilotFinance Ltd — Issuer of A7A5 token) — Official Source: U.S. Treasury OFAC SDN List | EU Sanctions List (Sectoral Transaction Ban) | UK Treasury OFSI Consolidated List
  • Bitcoin Xchange (Syria-based Crypto MSB) — Official Source: U.S. Treasury OFAC SDN List
  • Spider (Turkey-based Crypto MSB) — Official Source: U.S. Treasury OFAC SDN List
  • Alkaram (Turkey-based Crypto MSB) — Official Source: U.S. Treasury OFAC SDN List
     

Sanctioned Mixing Protocols & Privacy Infrastructure

  • Blender.io — Official Source: U.S. Treasury OFAC SDN List
  • Sinbad.io (Successor entity to Blender.io) — Official Source: U.S. Treasury OFAC SDN List | Dutch FIOD & Law Enforcement Seizure

Please note that the above list is not exhaustive and may be updated from time to time. Restrictions may also apply to associated entities, domains, wallet addresses or other infrastructure linked to a restricted platform, even where these are not expressly listed above.

How to Verify Counterparty Platforms

Because sanctions and risk designations may change over time, customers should independently verify counterparty platforms prior to sending crypto to, or receiving crypto from, a counterparty platform or wallet address.

The following resources may assist with these checks:

The resources above, together with any information provided by VALR, are intended as helpful reference points and may not cover every platform or restriction. Customers are therefore encouraged to consider other relevant and up-to-date sources when checking a counterparty platform before sending or receiving crypto.

What happens if I send crypto to or receive crypto from a restricted platform or wallet?

If a transfer involves a sanctioned or otherwise restricted person, entity, platform or wallet address, VALR may be required to review, delay, reject, suspend or otherwise restrict the transaction. Where required by law or our regulatory obligations, VALR may also restrict the relevant assets or prevent them from being allocated to an account. We therefore strongly encourage you to check both the source and destination of every crypto transfer before proceeding.

A reminder about restricted jurisdictions

Please also note that VALR’s Services are not available in certain restricted jurisdictions. You can find VALR’s current list of supported and restricted countries here.

Need help verifying a platform?

For questions regarding a platform's compliance status, kindly contact the VALR Support team at help@valr.com or via our Help Center prior to sending crypto to, or receiving crypto from, the relevant platform or wallet address. Note that while we may provide guidance, customers should not treat this as confirmation that a platform or wallet is permitted in every circumstance, as sanctions information and risk indicators may change.

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