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Coinbase Blocks 25,000 Russian Accounts...

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First published at 18:11 UTC on March 7th, 2022.

#coinbase
#russia
#crypto

BossInVegas

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Coinbase (NASDAQ: COIN) said it will block more than 25K crypto accounts linked to Russian holders allegedly engaged in illicit activities. The leading American crypto exchange revealed this in a blogpost, stating that it has shared the flagged acco…

“Today, Coinbase blocks over 25,000 addresses related to Russian individuals or entities we believe to be engaging in illicit activity, many of which we have identified through our own proactive investigations. Once we identified these addresses, we shared them with the government to further support sanctions enforcement.”

Coinbase is committed to complying with sanctions. Coinbase has flagged thousands of questionable Russian crypto accounts and turned them to the US government to support sanctions enforcement.

#Coinbase #Russia #CoinbaseRussia #Crypto #Exchange #HardWallet

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