Crypto.com and Blockchain.com Take Down Accounts Connected to Russia: What You Need to Know

Following recent EU sanctions, Blockchain.com and Crypto.com have announced significant restrictions on accounts connected to Russia. These actions align with the European Union's (EU) blanket ban on cross-border cryptocurrency services to Russia.

Blockchain.com Restricts Russian Accounts

JUST IN: Blockchain.com to block Russian-based accounts on October 27th. According to emails sent to users, Blockchain.com is gearing up to close the crypto accounts of Russian users on its platform. Blockchain.com users can withdraw their custodial funds. The email notified users, granting them time until October to withdraw their funds.

Crypto.com Enforces Restrictions

Similar to Blockchain.com, Crypto.com is also enforcing restrictions. Blockchain.com and Crypto.com will soon stop trading for Russian users and recommend that they withdraw their funds. Both Blockchain.com and Crypto.com are enforcing restrictions on accounts connected to Russia. They have also notified the users for the same. According to emails sent, the platforms are communicating these changes to affected users.

In summary, if you are a user of either platform and are connected to Russia, be aware of these impending restrictions and take necessary steps to withdraw your funds promptly. Stay informed as the situation evolves.