Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules

Bitcoin.com | Oct 16, 2022 at 7:30 AM
  • Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts.
  • The crypto news page of the leading Russian business portal RBC, which confirmed this development, also posted about Crypto.com’s decision to add Russia to its list of countries, the citizens of which cannot take advantage of its services.
  • Not all global crypto platforms have conformed to the new European rules.