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Currency.Com Stops Operations For Russians Over Ukraine

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Currency.Com Stops Operations For Russians Over Ukraine

currency.com, a Belarus-Born Crypto Platform has stopped its operations for Russians in response to the invasion of Ukraine

iexclusivenews reports that Currency.com, the Belarus Crypto trading company, announced its halting operations for clients living in Russia. Following the country’s unprovoked Invasion and killings of the people of Ukraine.

Currency.com announced on Tuesday that Russian residents will no longer be able to use its services. As a result of the platform’s decision to prohibit Russian clients from registering new accounts.

This online news outlet understands that Currency.com, based in Gibraltar, maintains offices in Kyiv, London, and Vilnius. But was formerly licensed and headquartered in Belarus, according to its website.

“We condemn the Russian aggression in the strongest possible terms,” said Vitalii Kedyk, head of strategy for the platform’s London operations and CEO of Currency.com’s Ukraine arm. “In these circumstances, we can no longer continue to serve our clients from Russia.”

Major cryptocurrency exchanges have responded to social media calls to either freeze or otherwise restrict access to Russian digital assets for residents as the country’s military invades Ukraine.

In February, a Binance spokesman stated that the exchange would not “unilaterally freeze millions of innocent consumers’ accounts.”

Meanwhile iexclusivenews reports that Kraken CEO Jesse Powell intimated that the exchange would only cut off Russian users’ access to crypto if sanctions were imposed.

However, iexclusivenews Nigeria also reports that numerous private businesses, including credit card companies Visa and Mastercar, have declared that, as a result of the war. They will scale back or discontinue operations in Russia after February 24.

In contrast, Ukraine’s government has used cryptocurrency platforms to collect donations from around the world. Raising more than $60 million as of publication.