Major crypto companies conform to EU restrictions for Russians over war in Ukraine.
the provision of all crypto-related services to Russian residents and entities, regardless of the amount.
Localbitcoins, the peer-to-peer exchange platform, has recently told Russian citizens it can no longer offer them its services, Forklog reported. The only exception that can be made is for persons that also hold a passport issued by a country from the European Economic Area and Switzerland, those who have a permanent residence permit in these jurisdictions.
The crypto news outlet also revealed that wallet operator Blockchain.com has sent out a notice informing customers that due to the EU sanctions, it’s unable to provide custodial and rewards services to Russian nationals. The company has asked affected users to withdraw their funds by Oct. 27, after which date their accounts will be blocked.
The crypto news page of the leading Russian business portal RBC, which confirmed this development, also posted about Crypto.com’s decision to add Russia to its list of countries, the citizens of which cannot take advantage of its services. The crypto exchange, with over 50 million claimed users, is registered in Singapore but recentlyAnother exchange that plans to introduce restrictions is Bitmex. U.S.
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