Blockchain.com ends services to Russians due to EU sanctions
Russian citizens’ accounts on Blockchain.com will soon be closed, and businesses like Binance are striving to implement the new EU sanctions. Blockchain.com, a provider of cryptocurrency wallets, is the most recent business that will shortly stop offering its services to Russian citizens as a result of the most recent EU sanctions. According to the local […]
Tether refuses to freeze sanctioned Tornado Cash addresses
Stablecoin issuer Tether has said that it will not freeze Tornado Cash accounts that were sanctioned except if it gets a directive from law enforcement to do so. As of Wednesday, cryptocurrency trail-mixer Tornado Cash’s smart contract addresses that were sanctioned by the Specially Designated Nationals and Blocked Persons (SDN) list maintained by the U.S. […]
Binance limits services to Russians following EU’s 5th sanction
Following the European Union’s fifth package of sanctions against Russia, Binance, the world’s largest cryptocurrency exchange by volume, is imposing significant restrictions on Russian users. Binance imposed new restrictions for Russian nationals and residents on Thursday, prohibiting them from trading if they have more than 10,000 euros ($10,800). Binance’s spot, futures, and custody wallets, as […]
The United States And European Union Increase Measures Against Russia Using Crypto Assets To Evade Economic Sanctions
The United Kingdom regulators stated that “using crypto assets to evade sanctions is a criminal offense.” Crypto assets usage to evade sanctions in foreign nations by Vladimir Putin’s associates has suffered another blow following the US and the EU announcement which is aimed at Russia’s economy and wealthy individuals. In reaction to President Vladimir Putin’s […]