Risk Appetite

Appetite and restrictions on nationalities and residencies

Blockforia EOOD has a clearly defined appetite for which countries and nationalities it wishes to serve. The reason being the company has obligations in order to fulfil its license as a VASP (Virtual Asset Service Provider). As part of this we are obligated to uphold current sanctions regimes subject to the country it operates from; Bulgaria.

As such, Blockforia EOOD market appetite is restricted to the European Economic Area (EEA https://trade.ec.europa.eu/access-to-markets/en/content/european-economic-area-eea-agreement ). If any EEA country is put on any of the below sanctions and Risk-lists, the listing will prevail, and our appetite will be adjusted accordingly until the country is de-listed.

Exceptions: We are able to serve individuals who are nationals and residents of countries identified as “low risk” and free of sanctions. However, this is only on a case-by-case basis and is dependent on us approving the Enhanced Due Diligence needed to accept and transact such clients.

For a full overview of relevant sanctions lists and countries, please see the following lists and their reasoning:

1. EU Sanctions

2. OFAC sanctions

3. UN sanctioned countries and people