Blockchain.com and Crypto.com are enforcing restrictions on accounts connected to Russia. They have also notified the users for the same.
According to emails sent to users, Blockchain.com will no longer provide custodial and rewards services to Russian nationals. Notified users have until Oct. 27 to withdraw custodial funds and rewards. Following which their accounts will be blocked and rewards accruals are already stopped.
Crypto.com has already blocked users from accessing the app. Their emails do not provide any information regarding withdrawals.
Both the crypto companies have said that the restrictions are a result of government sanctions.
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
