Currency.com Halts Services in Russia: Here's Why

Crypto exchanging organization Currency.com has declared it ended activities for clients situated in Russia following the nation’s viciousness and turmoil. This move places Currency.com on the growing list of crypto exchanges that have barred Russian users from having access to the services they provide.

Since the war, Currency.com said Russian residents would no longer be able to access its services following the platform’s decision to stop Russia-based clients from opening new accounts. Announced on Tuesday, the latest move came after Currency.com halted the opening of all new accounts by Russians on its crypto trading platform. These moves came as a response to the ongoing conflict.

Currency.com has suspended all services for its clients in Russia after the country refused to stop its war effort against Ukraine, and Belarus-based Currency.com said Russians, including all residents in Russia, will no longer be able to access the services offered by the company, including the ability to trade and manage their crypto holdings.

While ceasing operations in Russia, Currency.com will continue to serve its global client base through its international network comprising offices in London, Gibraltar and Vilnius.