NFT collections NBA BallShot and Crypto KittiesThe collection that hosts . will no longer support wallets, accounts or custody services traced to Russia.
Restrictions on Russia Increase Due to European Union Sanctions
NFT headquarters Dapper Labs has cut off payment services for non-replaceable token holders with ties to Russia, citing European Union sanctions in a blog post.
Dapper, the company behind popular NFT collectibles like the NBA Top Shot, said that “providing crypto-asset wallets, accounts or custodians of any value to accounts linked to Russia is now prohibited.”
In a statement citing the payment processor, Dapper said that affected users will still be able to look at their NFT, but they will not be able to move funds, gift tokens, sell NFTs, or buy new ones.
The European Union had upheld a ban on transferring funds to Russian crypto wallets, accounts and custodians, following restrictions proposals a week ago.
This means the EU tightening restrictions on Russian crypto wallet payments, which previously limited the amount to 10,000 euros in April.
Russian users will no longer be able to bring or transfer any funds, including crypto funds, into or from the EU.
crypto exchange OKX While it cut its services in Russia earlier this week, more and more as restrictions tighten. cryptocurrency It seems likely that the company will follow suit.
While all these developments were taking place, at the time of writing this article bitcoin‘s price was trading around $19,500.
*Not investment advice.
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