Indeed! If you check out their FAQ there is a list of about twenty countries that are exempt. I am pretty sure it is because of the stricter regulations and Trade.io wanting to make sure they are in compliance. I fault the archaic rules of the countries more than I fault Trade.io.
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That's harsh! I'm sure that they are doing their best to make it happen, that's for sure. It's in their best interest to expand, after all.