Why Russian users banned from cryptocurrency trading? – Katoch Tubes

Crypto exchanges  delist Russians

What's the news?

European Union has passed yet another sanction banning Russians from trading cryptocurrencies. A step to de-escalate the war situation

Rollback to Feb 2022

In Feb 2022, Russia declared war on Ukraine. To control the situation EU issued multiple sanctions against Russia.

The Eighth Sanction

This is the eighth sanction issued by EU that clearly imposed crypto trading ban for Russians including introducing price cap for Russian oil purchases

Crypto Market reacts

Top cryptocurrency exchanges followed the suit and announced ban on crypto trading for Russian citizens 

List of Exchanges

Famous exchanges like crypto.com, Blockchain.com trading platform and Dapper labs have complied to the ban.

About EU Sanction

Swipe Up to read more about EU sanctions against Russia

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