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Animoca Brands Corp. Ltd, one of the biggest blockchain gaming companies was the latest to join the list of companies to stop its services to Russian customers in According to a report by Bloomberg, Animoca will no longer provide its services to customers belonging to the former Soviet power by blocking users and restricting Blockchain gaming giant Animoca Brands will halt services to Russian users amid the war in Ukraine, Bloomberg reported on Wednesday. In doing so, the Hong Kong firm ‘It’s a sanctioned country,’ company co-founder said; Many other crypto businesses resist call to isolate Russia; Animoca Brands Corp. Ltd, one of the biggest and Blockchain gaming giant Animoca Brands has announced that it will no longer serve customers in Russiabecoming one of the first crypto firms to take action after Vladimir Putin's invasion of The Russian invasion of Ukraine is taking a toll on both the economy and Russian citizens, most recently, blockchain gaming giant Animoca Brands in a press release Animoca Brands will halt servicing and selling shares to people in Russia, according to a recent press release.

Animoca Stops Russia Services: Will Other Crypto Companies Follow Suit? The Russian invasion of Ukraine has spurred significant economic consequences, and now blockchain gaming giant Animoca Brands has taken a definitive stand. Animoca Brands Corp. Ltd, one of the biggest blockchain gaming companies, recently announced it will halt services to Russian users, becoming one of the first crypto firms to take action after Vladimir Putin\'s invasion. According to a report by Bloomberg, Animoca Brands will no longer provide its services to customers belonging to the former Soviet power by blocking users and restricting access.

Why did Animoca Brands make this decision? The Hong Kong firm’s co-founder stated, “It’s a sanctioned country,” underscoring the company\'s commitment to adhering to international regulations. In a press release, Animoca Brands confirmed that it will halt servicing and selling shares to people in Russia. But the bigger question remains: will other crypto businesses follow suit and isolate Russia?

While Animoca Brands has taken this step, many other crypto businesses resist calls to completely cut off Russian users. This raises concerns about the potential use of cryptocurrency to circumvent sanctions. Blockchain gaming giant Animoca Brands\' decision to halt services to Russian users amid the war in Ukraine, as reported by Bloomberg on Wednesday, puts pressure on other firms. Animoca Brands Corp. Ltd, one of the biggest and most influential players in the blockchain gaming space, setting a precedent that could influence others.

The move by Animoca Brands has sparked debate within the crypto community. Some argue that all crypto companies should follow Animoca Brands\' lead and restrict services to Russia, while others believe in maintaining open access and neutrality. As the war in Ukraine continues to unfold, the actions of companies like Animoca Brands will be closely watched to see if a wider trend emerges. Will this be a catalyst for a broader crypto exodus from Russia, or will Animoca Brands remain an outlier?

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