Bitget Throws Open Doors to Syrian Traders as US Lifts OFAC Sanctions – A New Frontier for Crypto Adoption
Crypto exchange Bitget just scored a geopolitical win—Syrian users can now trade freely after Washington eased sanctions. Here''s why it matters.
Sanctions? What sanctions?
When OFAC compliance gets relaxed, crypto moves fast. Bitget''s onboarding of Syrian traders proves decentralized finance doesn''t wait for political permission slips. Liquidity finds a way—even in war-torn economies.
Bullish on bypassing bureaucracy
No SWIFT? No problem. Damascus to Dubai, crypto rails keep value flowing where traditional finance gets stuck at customs. Just don''t ask how they''ll cash out to fiat (some things never change).
The real headline? Another brick knocked out of the dollar''s crumbling walls. Because nothing says ''financial sovereignty'' like dodging sanctions via 24-word seed phrases.
Beginning today, residents of Syria are warmly welcomed to register, complete KYC, and enjoy full access to our suite of products and services.
Find out more: https://t.co/wAMHowifds pic.twitter.com/WdsQb7ZHt1 — Bitget (@bitgetglobal) June 12, 2025
Moreover, all users gain multi-language support and 24/7 security monitoring via the mobile app and web platform. Bitget claims it has provided trading tools, educational content, and customer assistance for newcomers.
CEO Gracy Chen commented that the company aims to serve individuals in unstable economies, restricted banking, and/or political uncertainty.
Bitget says it will continue crypto access in regions where these assets “play a critical role in everyday life.” For Syrians specifically, Bitget will help in “maintaining safe, efficient, and user-friendly channels for participation in crypto via regional engagement and enhanced.
The Syrian Center for Economic Research publishes a proposal for the transitional government to legislate #Bitcoin in Syria and digitize the Lira
pic.twitter.com/dEm8gwfzdP
Meanwhile, as reported at the start of this year, the(SCER), a non-governmental think-tank, was considering legalizing Bitcoin to help its struggling economy recover.
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The news comes after, on 23 May, the(OFAC) suspended sanctions against Syria. The goal is to “help rebuild Syria’s economy, financial sector, and infrastructure, in line with US foreign policy interests,” the press release says.
Today, the Department of the Treasury’s Office of Foreign Assets Control issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria in line with the President’s announcement for the cessation of all sanctions on Syria. GL 25 authorizes transactions…
— Treasury Department (@USTreasury) May 23, 2025The easing of sanctions has allowed other companies to reopen in the country. Crypto exchangefor Syrians. “For years, people in Syria have watched the crypto world evolve, unable to participate. Not by choice, but by circumstance,” the exchange said. They can now “participate in the digital asset economy with 270+ million global Binance users.”
Please lift the embargo on Syria
— ضياء درج (@DYAA_D1) June 9, 2025Meanwhile, Bitget says that the inclusion of Syria “signals intent to enable access where it is most urgently needed.” This country, the team notes, has faced decades of conflict, economic isolation, and limited access to reliable financial systems.
In this absence of a stable banking infrastructure, “crypto has strong real-life use cases, as a tool for survival, growth, and connectivity to the broader world,” it says. “The adoption of crypto in Syria shows a deeper truth about the role of crypto in places where traditional systems have failed or aren’t accessible either.”
Meanwhile, Bitget andare reportedly readying to scale back operations in Singapore after the(MAS) last week ordered all digital token service providers without a formal license to cease overseas activities.
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