Largest Ethereum mining pool suspended its operation in Russia and Belarus
This decision was made under the money laundering law
05.03.2022 - 10:00
460
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.
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.
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 452
BTC
+1.92%
-
Ethereum
$2 164.37
ETH
+3.63%
-
BNB Smart Chain
$229.23
BSC
+0.27%
-
Ripple
$0.619977
XRP
+1.31%
-
Cardano
$0.399123
ADA
+3.9%
-
Dogecoin
$0.086028
DOGE
+2.65%
-
Polkadot
$5.56
DOT
+1.7%
-
Litecoin
$72.25
LTC
+0.92%
-
Bitcoin Cash
$230.04
BCH
+2.16%
-
Stellar XLM
$0.121635
XLM
+1.48%