Home Cryptocurrency News Prime Cryptocurrency Information On March 2: Largest strikes in Bitcoin, crypto insurance policies and extra – Moneycontrol

Prime Cryptocurrency Information On March 2: Largest strikes in Bitcoin, crypto insurance policies and extra – Moneycontrol

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Crypto exchange Coinbase stops short of blanket ban on Russian accounts

US cryptocurrency exchange Coinbase Global Inc will continue to block accounts and transactions of Russian clients targeted by sanctions, but it stopped short of banning all users from the country. “At this time, we will not institute a blanket ban on all Coinbase transactions involving Russian addresses,” a Coinbase spokesperson said. Binance, the world’s biggest crypto exchange, has also said it would not freeze all Russian accounts, after Ukraine requested major crypto exchanges for a complete ban. Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday, indicating rising interest in crypto among Russians after the Western sanctions took a toll on the local currency. (Reuters)

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