Coinbase Blocks More Than 25,000 Addresses Related to Russian Persons or Organizations It Detects Engaged in Illegal Activities

US-based cryptocurrency exchange Coinbaseannounced that it will block more than 25,000 addresses related to Russian persons or organizations that it detects as engaging in illegal activities.

Coinbase, March 7 In a blog post he made onproactive” found to be involved in illegal activities through research methods More than 25,000 addresses related to Russian persons or organizations He said he would block it.

Today at Coinbase, we block more than 25,000 addresses related to Russian individuals or organizations that we believe are engaged in illegal activities, many of which we have identified through our own proactive research.

In the post, to further support the enforcement of sanctions that the identified addresses are shared with the government indicating Coinbaseonce again committed to complying with the sanctions expressed.

CEO of Coinbase Brian Armstronglast week rejected Ukraine’s request to block all Russian users from cryptocurrency exchanges, citing the reason that citizens, many of whom oppose their country’s actions, are making a living with crypto following the collapse of the ruble. However Armstrong, USA If a sanction decision is taken by the government in this direction, they will comply with it and as all law-abiding financial institutions will do. CoinbaseHe also said that .

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