Ledger stops shipping crypto wallets to Russia and Belarus

The company supported the eighth package of sanctions against the Russian Federation adopted by the European Union

15.10.2022 - 07:30

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What’s new? Ledger, a manufacturer of hardware crypto wallets, announced the termination of shipments to the Russian Federation and the Republic of Belarus. Previously, the company sold devices through the Russian representative office Ledger Russia on the marketplaces Ozon and Wildberries. Thus, the company supported the eighth package of sanctions against the Russian Federation, adopted by the European Union on October 6.

Source: Ledger.com

What is known about Ledger? Founded in 2014, the company develops cryptocurrency security solutions as well as blockchain applications for companies. It produces its own hardware wallets for storing digital assets. Ledger currently has more than 2 million active users per day, and about 20% of cryptocurrencies worldwide are protected using the company’s technologies.

In June, Ledger launched its own NFT marketplace, as well as a service platform for enterprises operating in Web 3.0.

In April, the company released its new universal hardware wallet Ledger Connect, version Nano S Plus. The device is designed for cryptocurrency, DeFi, and NFT users. On April 4, Ledger partnered with The Sandbox metaverse to promote its services through raising user awareness of cryptocurrencies.

For more details on whether hardware crypto wallet makers can block access for Russians, see GetBlock Magazine’s article.

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