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TRANSFER24 – Life after crypto-sanctions against the Russian Federation


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11.10.2022

After the new EU sanctions, the attention of the Russian crypto community is focused on the largest centralized exchanges and wallets. What do we have at the moment? Understanding.

After new package of EU sanctions, which prohibits Russians from using Eurozone crypto wallets, the attention of the Russian-speaking community is riveted to the largest centralized exchanges and custodial services.And there are already the first global bans.For example, the popular p2p platform LocalBitcoins last week stopped serving accounts of Russian residents with the ability to withdraw funds from the corresponding accounts.

At the same time, first-hand information began to spread on the network: blocking did not occur according to the passport, but by nationality, because many people banned from CIS countries.

The Dapper NFT platform kicked the Russians out with the freezing of funds.This company has become famous in the crypto world thanks to the NBA Top Shot and CryptoKitties collections. From now on, users of the Dapper Sports and Dapper Wallet platforms will not be able to buy or sell NFTs, as well as make withdrawals from the corresponding account. sanctions.At the same time, major bitcoin exchanges are silent for now and continue to operate as usual “until further notice”. For example, Binance has not yet introduced any restrictions, and Huobi reported that they are not going to restrict the Russians.

What’s next?

It is likely that most web3 companies will comply and impose restrictions as a result of new EU sanctions. This could potentially put service providers in a difficult position as they balance the weight of compliance with a community that generally resists censorship.And until there is clarity, betterprudently withdraw your cryptocurrency from any centralized platforms (primarily from exchanges) to private wallets like Metamask (here you have private keys and seed phrases, i.e. in this case, the crypt is really under your full control).

Source: https://prometheus.ru/zhizn-posle-kripto-sanktsij-birzhi-molchat-no-bany-sluchayutsya/