Users have been informed that Blockchain.com and Crypto.com are applying Russian-related limitations.
Users who have been notified have until October 27 to withdraw rewards and custodial cash; beyond that date, their accounts will be frozen. Rewards accumulation has already been stopped.
The crypto financial services provider claimed that the limitations are due to recent European Union government sanctions.
Users who are subject to the EU rules have already been prevented from accessing the app by Crypto.com. The emails, dated Oct. 14 contain no information about withdrawals, therefore it is thought that it is not possible to withdraw money from Crypto.com.
The cryptocurrency trading firm also claimed that the new legislation are to blame for the limits.
The actions come in response to recent NFT business Dapper Labs activities, which included blocking accounts associated with Russia roughly a week ago. Affected customers can’t access or transfer their NFTs, but they still control them, according to the business that developed CryptoKitties and the Flow blockchain. The company also claimed that its actions were a direct result of EU restrictions.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
Ripple RLUSD stablecoin will be available on major exchanges, including Uphold, Bitstamp, Bitso, and Bullish.
Singapore, Singapore, 15th October 2024, Chainwire
New York, New York, 15th October 2024, Chainwire
As the Cardano (ADA) underperformance disappoints investors, Aptos (APT) and DTX Exchange (DTX) emerge as…
Mint Blockchain is the only Superchain officially approved by the OP Grant Committee in Cycle…
According to the latest report from Matrixport, the funding rate of Ethereum perpetual futures has…
This website uses cookies.