Blockchain firm Dapper Labs followed the EU's example and imposed restrictions on Russian accounts.
Blockchain firm Dapper Labs followed the EU’s example and imposed restrictions on Russian accounts.
The move comes as a result of the latest sanctions that the European Union imposed on Russia due to the ongoing military conflict with Ukraine.Russia with its eighth package of sanctions for its aggression against Ukraine. They include numerous restrictions, including export bans and outlawing all cryptocurrency transactions between Russians and European wallet providers.
“Our payment processing and stored value service partner is subject to EU regulations and has directed us to take action on all accounts held by those impacted by the October 6 restrictions, consistent with EU law,” the entity explained. Russian-based cryptocurrency accounts. All five addresses belonged to the neo-Nazi paramilitary group – Task Force Rusich – which had committed atrocities against soldiers in Ukraine. According to the finance organization, the wrongdoers funded their gruesome acts via digital assets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dapper Labs breaks down why it's suspending Russian accountsNFT company Dapper Labs has confirmed it's blocking crypto accounts with Russian ties, citing new EU sanctions on Russia.
Read more »
Dapper Labs Suspends NFT Operations for Russian Users Amid New EU Sanctions – Bitcoin NewsCanadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for accounts linked to Russia.
Read more »
Dapper Labs breaks down why it's suspending Russian accountsNFT company Dapper Labs has confirmed it's blocking crypto accounts with Russian ties, citing new EU sanctions on Russia.
Read more »