Animoca Brands, which develops games based on blockchain technology, restricts access to users in Russia, according to information reported by Bloomberg.
While the Russia-Ukraine war continued, Animoca Brands, one of the biggest names in the blockchain-based gaming world, was among the names that imposed sanctions on Russia.
Yat Siu, co-founder of Animoca, said in an interview with Bloomberg that the decision they made gamee and Lympo He said that it covers the projects, and that restrictions will be imposed on users in Russia for these projects.
Sio, “We are receiving legal advice that we need to impose some restrictions in this direction. [Rusya]is among the countries that have been sanctioned, along with North Korea. Operating in such countries may result in our exclusion from the financial system.” said.
Ukraine government to block access to users in Russia to cryptocurrency exchanges This call was turned down by many exchanges.
Animoca, one of the rare names in the crypto industry that imposes sanctions on Russia, also stops selling stocks to Russian investors.
The restrictions imposed by the Hong Kong-based company on Russia are not expected to have a major impact on the company’s financial statement. The company reported revenue of $140 million in the January-September period of last year.