Prohibited Jurisdictions Policy for eXchange1



1. Objective

This policy defines the framework for identifying, restricting, and managing users, transactions, and exposure related to prohibited and high-risk jurisdictions for eXchange1.



2. Scope

This policy applies to:
  • All users (retail and institutional)
  • All transactions (on-platform and off-platform transfers)
  • All products and services offered by the eXchange1

3. Regulatory Framework

This policy is aligned with:
  • FIU-India AML/CFT Guidelines
  • FATF Recommendations
  • UN Sanctions Lists
  • OFAC and EU Sanctions (where applicable)

4. Jurisdiction Risk Classification

4.1 Prohibited Jurisdictions (High Risk: Complete Restriction)

Users and transactions from the following jurisdictions are strictly prohibited:
  • North Korea (DPRK)
  • Iran
  • Myanmar

4.2 Sanctioned Jurisdictions

Jurisdictions subject to international sanctions:
  • Syria

4.3 High-Risk Jurisdictions (Enhanced Due Diligence Required)

  • Pakistan

4.4 Crypto-Restricted Jurisdictions

  • China