Home ETFdb.com Coinbase Joins With Sanctions, Blocks Russian Players

Coinbase Joins With Sanctions, Blocks Russian Players

Fears regarding the illicit use of crypto in the conflict between Russia and Ukraine have come to the forefront as the war is being fought both on the ground and digitally through hackers. Coinbase has announced in a blog post by Paul Grewal, chief legal officer, that it is blocking 25,000 addresses linked to Russian individuals or entities connected to illicit activity both from external source identification and its own extensive vetting and tracking process.

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