Largest Ethereum mining pool suspended its operation in Russia and Belarus

Follow us on telegram

This decision was made under the money laundering law

Largest Ethereum mining pool suspended its operation in Russia and Belarus

05.03.2022 - 10:00

623

1 min

0

.

What’s new? An updated user agreement of Bitfly, the operator of Ethermine’s largest mining pool, states that it will stop providing services to customers from Russia and Belarus. According to the company, this decision was taken under the law on money laundering in the financial markets. Bitfly also lists Afghanistan, Cambodia, Iran, Iraq, Syria, and the DPRK as blocked countries.

Bitfly’s user agreement

How do companies restrict Russia? Due to the military operation in Ukraine, many major companies have suspended their operations in the Russian Federation. Already there have been disruptions to the NFT marketplace OpenSea and the MetaMask cryptocurrency wallet.

The exchanges such as Kuna, WhiteBIT, and CEX.io have blocked all Russian IP addresses. Brian Armstrong, the head of Coinbase, stated that he will decide to block Russian users based on the US authorities’ decision.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

Market

Ripple’s CTO urges traders not to succumb to FOMO due to the launch of RLUSD

Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000

Dec 16, 2024

Incidents

Gate denies information about the hack and urges not to believe rumors

Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13

Dec 13, 2024

Crypto regulations

Coinbase will delist USDT, PYUSD, and DAI for users in Europe

Stablecoins from issuer Circle will not be affected by the changes

Dec 12, 2024

Crypto regulations

GRVT receives a license in Bermuda and becomes the first regulated decentralized exchange

The platform will launch after meeting the preconditions of the local exchange authority

Dec 9, 2024

Market

Daily volume of liquidations in the crypto market reaches its maximum since 2021

The $1,1 billion figure was reached after the bitcoin correction

Dec 6, 2024

Crypto regulations

Bybit will stop servicing clients in Uzbekistan from December 6

By early January, all open positions and loans of local users will be closed and repaid automatically

Dec 5, 2024