Cryptocurrency exchange Coinbase blocks 25,000 Russian-linked accounts engaged in illicit activity
Shortpedia
Content Team
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Coinbase, one of the leading cryptocurrency exchanges, has blocked over 25,000 addresses related to Russian individuals or entities engaged in illicit activity. Coinbase said when a user opens an account, it checks provided information against a list of sanctioned individuals or entities provided by US, the UK, European Union, UN, Singapore, Canada, and Japan, as well as blocking users from sanctioned areas.
