South Korean crypto exchange has frozen and blocked Russian accounts from its platform

South Korean crypto exchange Gopax announced on Wednesday freezes around 20 Russian accounts. Accordingly, they have frozen and blocked Russian accounts and IP addresses from its platform.

south-korean-crypto-exchange-has-frozen-and-blocked-russian-accounts-from-its-platform

Source: Gopax

S.Korean crypto exchange Gopax freezes around 20 Russian accounts

According to local media, the exchange blocked about 20 accounts belonging to Russian users.

Gopax said its restrictions were in line with the US Office of Foreign Assets Control and European Union sanctions on Russia. Hong Kong-based Animoca Brands also announced on Friday that it was shutting down services for Russian users.

However, not all crypto exchanges share the sentiment with Binance and Kraken, saying they will not freeze individual user accounts on their platforms.

Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587

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