• April 25, 2024

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Coinbase Will Not Block All Russian Users

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Cryptocurrency exchanges, including US-based platform Coinbase, have recently announced their withdrawal from the Russian market.

Last Tuesday, the press service of the company explained its situation, explaining the exchange would not block all users from Russia.

The company’s CEO Brian Armstrong has also ruled out the possibility of stopping work on the Russian market. Traders may continue to trade, but Coinbase will comply with US law, including the sanctions policy.

Armstrong said:

We do not prohibit in advance all Russian users from using Coinbase features. I believe that everyone has the right to access basic financial services.

However, if the US authorities decide to introduce additional restrictive measures against Russian individuals and legal entities, the exchange will be forced to comply with all necessary requirements.