Kraken crypto exchange is next to close doors to Russian users
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange. Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union.On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers.“Due to the new European legislation, we have to take measures to restrict your Kraken account,” the company said. According to an email statement seen by Cointelegraph,....
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Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022.
Kraken Exchange to Give $1,000 in Bitcoin to Each Eligible Ukrainian Customer
U.S.-based crypto exchange Kraken is preparing to distribute $10 million to Ukrainian customers suffering from the Russian invasion. Between March 10 and July 1, clients who created an account from Ukraine prior to March 9, 2022,....
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia. The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia. This statement comes after research that revealed millions in crypto donations raised by pro-Russia groups in support of the ongoing conflict in Ukraine and increased sanctions on Russia from financial authorities around the world.Singapore’s decision....
Bitcoin exchange BTCXIndia has announced that it is closing its doors later this month following the loss of its banking partner. The India-based exchange, which featured a live trading platform and wallet service, said in a statement on its website and via email that it would close its doors on 20th May. The exchange operator suggested that the closure was a result of a broader policy shift on the part of its Indian banking partner, explaining:
The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary Russian users.
Coinbase, Coinberry, and Kucoin Follow Binance’s and Kraken’s Decision to Refuse ‘Sabotaging Ordinary Russian Users’
On Tuesday, reports indicate that the Russian invasion has escalated after peace talks at the border between Ukrainian and Russian officials failed. A....
European bitcoin exchange operator BTC-e has revealed that users in the Russian Federation won’t get access to its website following a ban imposed by a Russian regulator today. In what may be sign of things to come prior to the review of a draft bill that seeks a Bitcoin ban by the Russian legislature , the official twitter account of European bitcoin and alt coins exchange BTC-e has revealed that it won’t be accessible by Russian users. The tweet mentions a lock by Roskomnadzor, the Russian telecom regulator which effectively puts the domain btc-e.com in a blacklist that will not be....