Russian users of Blockchain .com have two weeks to withdraw their funds as the firm has been prohibited from providing custodial and reward services to Russian nationals.
while the company has no access to the wallet’s data. In addition to the noncustodial wallet, Blockchain.com also runs custodial trading accounts, which allow users to buy and sell crypto on the platform.
It remains unclear whether Russian customers would be able to retain access to their noncustodial wallets on Blockchain.com. The firm did not immediately respond to Cointelegraph’s request for comment. Blockchain.com is not the only platform to halt some services to Russians amid the latest sanctions. Major blockchain developerdue to the EU’s latest sanctions against Russia and its nationals.
According to online reports, many other major exchanges and peer-to-peer platforms, including Crypto.com, Coinbase and LocalBitcoins, are planning to comply with the sanctions as well. The companies did not immediately respond to Cointelegraph’s request for comment.Binance, one of the world’s largest crypto exchanges, is no exception. The firm is working around the clock to apply the new restrictions for Russians as well.
. “Our view is that the actions of a government do not necessarily represent the wishes of individuals,” Bitfinex chief technology officer Paolo Ardoino said in March 2022. He added that Bitfinex was willing to protect the accounts of all their customers “unless otherwise directed by the regulatory authorities” by which they are governed.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine's Kyiv area hit by Iranian-made kamikaze dronesRussian forces used Iranian-made kamikaze drones to attack Ukraine's capital and Odesa regions and slammed other areas with missiles, Ukrainian officials said Thursday as Moscow punished the country for a fourth day after a truck bomb attack on a bridge to Russia-annexed Crimea. A strike carried out near Makrariv, a small city located 50 kilometers (31 miles) west of Kyiv, destroyed critical infrastructure. Ukrainian officials said 13 people were killed and 37 wounded in the past day in Russian missile strikes that targeted nine regions of Ukraine.
Read more »
Ankara, Moscow to jointly work on building gas hub in Türkiye: ErdoganTürkiye and Russia have instructed their respective energy authorities to immediately begin technical studies on the Russian proposal, Turkish President Recep Tayyip Erdogan says.
Read more »
Russia arrests eight people in connection with bombing of Crimean bridgeRussian authorities arrested eight people in connection with the bombing of the Kerch Bridge, which is the only bridge that connects Russia to the Crimean Peninsula.
Read more »
U.S., Europe Ready Biggest Squeeze on Russian Oil as War Tension MountsEurope has relied on Russian energy since the invasion of Ukraine. But that will change later this year when Russia faces a price cap on crude oil exports.
Read more »
US believes Putin planned massive missile strikes before attack on Kerch Bridge to rally Russians behind his failing warREVENGE OR REVIVAL? Before an explosion rocked the Kerch Bridge between Russia and Crimea on Saturday, Russian President Vladimir Putin had already ordered punishing airstrikes against civilian infrastructure to rally support for his flagging war effort among disillusioned Russians.
Read more »
Satellite photos show long backup of cargo trucks going to Russia after Crimea bridge explosionThe explosion of the Kerch bridge linking Crimea to mainland Russia earlier this week has caused a significant backup in cargo trucks.
Read more »