Russian users BANNED from top cryptocurrency platform and told to withdraw funds ASAP

Russian users BANNED from top cryptocurrency platform and told to withdraw funds ASAP. Image: Production Perig/Shutterstock.com

RUSSIAN users of Blockchain dot com’s cryptocurrency platform have been advised to withdraw their custodial funds as soon as possible as the site will no longer provide storage and remuneration services due to new EU sanctions.

Notifications from users of the cryptocurrency platform have been shared on social media on Friday, October 14, with the screenshots showing that all accounts will be blocked from October 28.

The notification reads: “As a result of EU sanctions, Blockchain dot com is currently restricted from providing custodial and rewards services to Russian nationals.

“Please withdraw your custodial funds (including rewards) by October 27, 2022, after which date your account will be locked. Effective immediately, rewards accruals are now blocked, but can still be withdrawn by October 27.”

@Flash_news_ua shared the news alongside an image of a user’s notification.

“Today, Blockchain com’s cryptocurrency platform stopped working with Russian users,” 

“Users of the exchange began to receive reports that the site could no longer provide storage and remuneration services due to new EU sanctions. All accounts will be blocked from the 28th.”

Earlier this year, US President Joe Biden signed an executive order to prevent Russia from using cryptocurrency to evade sanctions.


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Written by

Matthew Roscoe

Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]

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