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The company’s platform began blocking customers from the Russian Federation after the introduction of the eighth package of EU sanctions

List of exchanges and other services that impose restrictions on Russian users

The company referred to the new sanctions of the European Union

According to the official, sanctions against Russians will stimulate the development of the digital financial assets market

Attorney Andrey Tugarin noted that exchanges licensed in the EU will be forced to comply with the new sanctions

The platform has not yet received official confirmation of the tightening of EU sanctions against digital funds of Russian citizens

Now the document must be approved by the European Parliament

Citizens of the Russian Federation will not be able to create accounts or store digital assets, regardless of their amount

The European Commission has yet to clearly define possible taxable events

Experts estimated how blocking on the part of European crypto services will affect Russians

If approved, such transactions will be subject to a limit of 200 million EUR per day

The introduction of new sanctions is still under discussion with the member states of the European Union