- Coinbase (NASDAQ:COIN) has blocked over 25,000 Russian Addresses.
- These accounts are believed to have been linked to illicit activities.
- The announcement was made on the Coinbase blog.
The US-based cryptocurrency agency Coinbase has blocked over 25,000 addresses related to Russian individuals or entities engaging in illicit activities. They have put up a post detailing this decision on a blog on the Coinbase site. The organization says that they are dedicated to complying with sanctions and, as a result, are developing a multi-layered, worldwide sanctions program.
JUST IN: Coinbase has blocked over 25,000 addresses related to Russian individuals or entities engaging in illicit activity.— Watcher.Guru (@WatcherGuru) March 7, 2022