Coinbase Conforms To Sanctions, Blocks 25,000 ‘Illicit’ Russian Crypto Wallet...
Coinbase, the largest cryptocurrency exchange in the United States, announced Monday that it had blocked more than 25,000 cryptocurrency wallet addresses associated with Russian persons or businesses suspected of engaging in criminal behavior. Coinbase’s chief legal officer, Paul Grewal, detailed how the company is complying with new regulations set in response to Russia’s ongoing invasion […]
Related News
Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities.
NFT Platform Dapper Labs Conforms to Latest EU Restrictions Against Russian Federation
Dapper Labs, the creators of the Flow blockchain network and projects like Cryptokitties and NBA Top Shot, has complied with the new restrictive measures adopted by the European Union in response to Russia’s military....
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents.
EU Limits Russian Crypto Wallet Deposits to €10,000
Expanding its sanctions in response to the Russian military assault on Ukraine, the European Union has again targeted cryptocurrencies. On Friday, the European Commission, the executive body in Brussels, welcomed the fifth round of....
Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions.
Coinbase Reportedly Asks Russian Clients to Withdraw Funds
Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw their....
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter “unlawful aggression.”
Coinbase Intends to Comply With International Sanctions, Chief Legal Officer Says ‘Digital Assets Have Properties That Naturally Deter Sanctions Evasion’
Following the statements of the two chief executives from two of the largest crypto....
Blockchain.com will soon shut down accounts of Russian nationals, while companies like Binance are also working to apply the new EU sanctions. Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union.Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14.According to the report, Blockchain.com will allow Russian users to withdraw their funds until Oct. 27, 2022. After that date, the....