Blockchain.com and Crypto.com Ban Russian Users Following EU Sanctions

Blockchain.com company has banned Russian customers According to local reports, Russian users will not be able to access their personal accounts from October 27, 2022.

“Blockchain.com has ceased its crypto deposit and reward services to Russian investors.”

Crypto.com is a popular crypto trading application.banRussian customers as well, Blockchain.com and Crypto.com have announced bans on Russian users after the European Union.Russian sanctions

“The current ban on crypto assets is becoming more stringent, banning crypto wallets, offering crypto deposit services without a minimum amount. (Previously, wallets with higher value crypto were allowed. €10,000 to hold crypto)”

Coinbase, Binance, Bitstamp and other crypto exchanges headquartered in the EU also have to impose bans on Russia.

Now Russians can trade Bitcoin on a few sites. Some Russian millionaires have even gone to Dubai to sell the crypto they hold for cash.

Russia has also issued its own monetary control policy for the dollar and the euro. This could lead the Russians to turn to Bitcoin.

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