Articles on: General FAQ

Prohibited Regions

The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) administers and enforces comprehensive and targeted economic and trade sanctions programs. The OFAC sanctions programs includes various published lists of individuals and entities, which US persons are prohibited from transacting with or providing services to, as well as comprehensively sanctioned countries and regions including Cuba, Iran, North Korea, Syria, and the Crimea region, the Donetsk People’s Republic (“DNR”) and Luhansk People’s Republic (“LNR”) of Ukraine.

Magic does not permit access to its websites or Delegated Key Management architecture to end users of websites or mobile applications in any jurisdiction that is subject to OFAC comprehensive sanctions. Customers attempting to log in from one of these prohibited regions will be prevented from accessing our website or Delegated Key Management architecture. Should a customer attempt to access our websites or an application that utilizes Magic’s key management solution from a prohibited region, access will be denied and the customer will receive notification that he/she is attempting to log in from a prohibited region.

Please note that attempted access to the Delegated Key Management system from a prohibited region will also result in restricted access to your Magic account/wallet. If you ordinarily reside in a non-prohibited region, you may request Magic to restore your access once you log in from that non-prohibited region, subject to your cooperation with any requests for information and verification necessary to establish sanctions compliance.

To learn more about the U.S Treasury and the Office of Foreign Assets Control (“OFAC”), please visit their website.

Updated on: 21/12/2022

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