YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Several crypto exchanges reportedly block Russian users because of EU sanctions

October 14, 2022
in Regulations
Reading Time: 3 mins read
A A
Several crypto exchanges reportedly block Russian users because of EU sanctions
ShareShareShareShareShare
Xeggex

Several crypto platforms like Blockchain.com, Crypto.com, and LocalBitcoins have reportedly banned Russian users from using their services, citing the new European Union sanctions.

Media reports said that Blockchain.com gave its Russian users until Oct. 27 to withdraw all of their funds, after which their accounts would be blocked. The crypto company said that its decision was tied to the new sanctions imposed on Russia by the European Union.

Crypto.com also reportedly sent emails to the affected users, informing them of its compliance with the new sanctions.

The EU introduced a new wave of sanctions on Russia on Oct. 6. According to the  European Commission, the sanctions are designed to weaken Russia’s industrial capacity to continue its war in Ukraine. This has forced several crypto firms like Dapper Labs to cut ties with the country.

Meanwhile, the Russian government had also recently added Meta – the parent company for Facebook and Instagram – to a list of “terrorist and extremist” organizations. The government also blocked the IP of crypto company OKX on Oct. 4 without reason.

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

Connect your wallet, trade with Orion Swap Widget.

Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.

Get an Edge on the Crypto Market ?

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Credit: Source link

You might also like

Seven bombshells from the SEC’s Coinbase suit

Seven bombshells from the SEC’s Coinbase suit

June 7, 2023
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging

Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC charges

June 6, 2023

Related Stories

Seven bombshells from the SEC’s Coinbase suit
Regulations

Seven bombshells from the SEC’s Coinbase suit

June 7, 2023
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Regulations

Binance, Coinbase CEOs together lost $1.7B of personal wealth after SEC charges

June 6, 2023
SEC requests restraining order to temporarily freeze Binance.US assets
Regulations

SEC requests restraining order to temporarily freeze Binance.US assets

June 6, 2023
Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media
Regulations

Coinbase CEO Brian Armstrong hits back at SEC lawsuit on social media

June 6, 2023
Next Post
Will Upcoming Upgrade push AVAX toward $21?

Will Upcoming Upgrade push AVAX toward $21?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Russian official detained for accepting record bribe of $28M BTC

Russian official detained for accepting record bribe of $28M BTC

June 3, 2023
Ethereum Co-founder Jeffrey Wilcke Moves $41.13M Worth of ETH to Kraken

Ethereum Co-founder Jeffrey Wilcke Moves $41.13M Worth of ETH to Kraken

June 5, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 26,806.00 4.26%
    • ethereumEthereum (ETH) $ 1,874.79 3.22%
    • tetherTether (USDT) $ 1.00 0.03%
    • bnbBNB (BNB) $ 277.00 0.06%
    • usd-coinUSD Coin (USDC) $ 1.00 0.06%
    • xrpXRP (XRP) $ 0.529145 3.74%
    • staked-etherLido Staked Ether (STETH) $ 1,873.20 3.26%
    • cardanoCardano (ADA) $ 0.341804 3.13%
    • dogecoinDogecoin (DOGE) $ 0.069507 4.22%
    • solanaSolana (SOL) $ 20.04 0.06%
    • matic-networkPolygon (MATIC) $ 0.804180 2.65%
    • tronTRON (TRX) $ 0.077174 2.03%
    • litecoinLitecoin (LTC) $ 90.16 3.07%
    • polkadotPolkadot (DOT) $ 5.19 2.37%
    • avalanche-2Avalanche (AVAX) $ 14.56 3.31%
    • binance-usdBinance USD (BUSD) $ 0.999798 0.03%
    • shiba-inuShiba Inu (SHIB) $ 0.000008 0.35%
    • daiDai (DAI) $ 1.00 0.16%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 26,822.00 3.94%
    • uniswapUniswap (UNI) $ 4.75 0.25%
    • leo-tokenLEO Token (LEO) $ 3.53 0.67%
    • chainlinkChainlink (LINK) $ 6.18 1.55%
    • cosmosCosmos Hub (ATOM) $ 10.03 0.35%
    • okbOKB (OKB) $ 45.16 1.95%
    • moneroMonero (XMR) $ 146.48 3.05%
    • ethereum-classicEthereum Classic (ETC) $ 17.33 1.43%
    • the-open-networkToncoin (TON) $ 1.66 0.63%
    • stellarStellar (XLM) $ 0.089165 1.58%
    • bitcoin-cashBitcoin Cash (BCH) $ 113.64 3.82%
    • lido-daoLido DAO (LDO) $ 2.39 8.49%
    • true-usdTrueUSD (TUSD) $ 0.999939 0.11%
    • internet-computerInternet Computer (ICP) $ 4.35 0.58%
    • filecoinFilecoin (FIL) $ 4.31 1.84%
    • quant-networkQuant (QNT) $ 116.39 5.55%
    • aptosAptos (APT) $ 8.11 1.07%
    • hedera-hashgraphHedera (HBAR) $ 0.049359 0.91%
    • crypto-com-chainCronos (CRO) $ 0.059625 1.76%
    • arbitrumArbitrum (ARB) $ 1.17 3.2%
    • nearNEAR Protocol (NEAR) $ 1.49 0.47%
    • vechainVeChain (VET) $ 0.018559 0.22%
    • apecoinApeCoin (APE) $ 2.97 0.88%
    • the-graphThe Graph (GRT) $ 0.116800 0.09%
    • paxos-standardPax Dollar (USDP) $ 0.999184 0.09%
    • fraxFrax (FRAX) $ 0.997917 0%
    • eosEOS (EOS) $ 0.888000 5.07%
    • algorandAlgorand (ALGO) $ 0.134304 1.95%
    • the-sandboxThe Sandbox (SAND) $ 0.514914 0.9%
    • rocket-poolRocket Pool (RPL) $ 48.83 3.3%
    • optimismOptimism (OP) $ 1.45 1.94%
    • elrond-erd-2MultiversX (EGLD) $ 36.22 0.74%