🤬 Belarus🥔: Cifra Markets restricts transfers from platforms subject to European sanctions

🤬 Belarus🥔: Cifra Markets restricts transfers from platforms subject to European sanctions

The impact of the crypto sanctions introduced in May is already becoming visible in practice.

➡️ Belarusian users have been informed that transactions involving Grinex, HTX (formerly Huobi), Rapira, ABCeX, Capitalist, Aifory Pro, Exnode Pay, Exmo, and CryptoBar are no longer being processed.

➡️ The company recommended using addresses associated with alternative services for cryptocurrency deposits and withdrawals.

➡️ Company representatives also emphasized that restrictions on deposits and withdrawals do not result in the blocking of customer funds or accounts.

➡️ As a reminder, following the large-scale sanctions imposed by the European Union and the United Kingdom🇬🇧 on a significant portion of Russia’s🇷🇺 crypto industry in late May, several European AML service providers began flagging transactions originating from popular platforms as sanctioned activity.

➡️ Informational note: over the past weekend, the Bitget exchange disabled all ruble trading pairs on its P2P platform.

#news #sanctions #crypto #Russia #Europe

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