Crypto and Web3 torchbearers have condemned the inhumane acts by Russia in their way. Crypto platform Currency.com has joined a flock announcing it halted operations for Russia-based clients.
Russian Federation citizens would no longer be able to get any of the trading platform’s services. The Europe-based Currency.com decided to prohibit Russia-based clients from opening new accounts earlier.
Vitaly Kedyk, CEO of Currency.com said, “The Russian invasion of Ukraine brought violence and disorder to the people of Ukraine. We condemn the Russian aggression in the strongest possible terms. We stand with Ukraine and everyone who denounces this terrible war. In these circumstances, we can no longer continue to serve our clients from Russia.”
The platform confirmed that its decision to pull out from Russia would not affect its services in other countries and regions.
Governments around the globe are imposing sanctions against Russia to bug down its financial service sector. Major exchanges are also taking their stand by freezing Russian-tied crypto addresses.
The world’s largest cryptocurrency exchange Binance has announced that all Russian Mastercard and Visa cards will be suspended to conduct any transactions. However, CZ clarified that these decisions came not from his own company, but from Mastercard and Visa.
