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Blockchain.Com Cease Crypto Custody For Russians In Response To EU Sanctions

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Blockchain.com has informed its customers that it would terminate Russian nationals’ accounts in two weeks, according to the local news source RBC on October 14.

According to the article, Russian customers will be able to withdraw their funds until October 27, 2022. Russian nationals’ accounts are expected to be suspended after that date.

In accordance with the EU’s ninth set of sanctions against Russia, Blockchain.com is presently forbidden from offering custody and reward services to Russian residents, according to the statement.

It is yet unknown if Russian users of Blockchain.com will be able to continue using their non-custodial wallets.

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