Understanding Restricted Countries on Elixir Launchpad

At Elixir Games, we are committed to providing a secure and compliant platform for our users. To ensure compliance with international regulations and protect our community, access to our Elixir Launchpad is restricted from certain countries. These restrictions are based on enforced global sanctions, regional regulations, and security concerns. This blog post will explain the reasons behind these restrictions and provide a detailed list of the restricted countries.

Why Are There Restrictions?

The primary reasons for these restrictions include:

1. Enforced Global Sanctions: Some countries are under international sanctions due to geopolitical reasons. These sanctions are imposed by entities like the United Nations, European Union, and specific countries like the United States. Compliance with these sanctions is mandatory.
2. Regional Regulations: In some regions, specific regulations govern the operation of crypto platforms. For example, in the UK, the Financial Conduct Authority (FCA) regulates crypto services, and Elixir Launchpad is not currently an authorized service provider under the FCA.
3. Security Concerns: Some countries are identified as high-risk areas for money laundering, terrorism financing, and other illicit activities. Restricting access from these regions helps protect our platform and its users.

Restricted Countries List

The following is a list of countries from which access to Elixir Launchpad is restricted. Users from these countries will not be able to participate in our Initial DEX Offerings (IDOs) or use other services provided by the Launchpad.

• 🇺🇸 U.S.
• 🇬🇧 United Kingdom
• 🇨🇳 China
• 🇰🇵 North Korea
• 🇨🇩 Democratic Republic of the Congo
• 🇮🇷 Iran
• 🇱🇾 Libya
• 🇸🇴 Somalia
• 🇸🇸 South Sudan
• 🇸🇩 Sudan
• 🇾🇪 Yemen

Potential for Changes

It is important to note that the list of restricted jurisdictions is subject to change. As global regulations evolve, we may need to add or amend the list of restricted countries. Our priority is to remain compliant with all relevant laws and provide a safe environment for our users. We encourage you to stay updated with any changes to our policies.

Conclusion

Compliance with international laws and regulations is crucial for maintaining the integrity and security of Elixir Launchpad. By restricting access from these countries, we aim to protect our users and ensure that our platform operates within the legal frameworks established by global and regional authorities.

We understand that these restrictions may be disappointing for users from the affected countries. However, our primary goal is to provide a secure and compliant platform for all users. We will continue to monitor global regulatory environments and make adjustments as necessary.

For more detailed information on specific regulations, please refer to the official sources and regulatory bodies in your respective countries. Thank you for your understanding and continued support as we work to make Elixir Games a safe and compliant platform for everyone.

Feel free to reach out to our support team if you have any questions or need further clarification on these restrictions.

"Elixir Games Launchpad" including the platform, website and project is a brand and product of Layer X LLC, a Republic of Georgia registered entity with Company ID 412784900 and holder of the full Virtual Asset Service Provider (VASP) licence N. 01-2024