WalletConnect, which enables connection between digital wallets and applications, has brought access to its users in Russia.
According to the statement made by Web3 startup Wallet Connect, the protocol will no longer be accessible from Russia.
According to the company’s statement, this decision was made by OFAC, which is affiliated with the US Treasury Department. in line with sanctions receipt.
OFAC imposed many different sanctions on cryptocurrency movement in Russia after the Russia-Ukraine war broke out. Binance, the largest cryptocurrency exchange with legal compliance strategy their activities in Russia because they do not overlap. decision to stop completely took.
According to WalletConnect’s statement, the company also prevented IP addresses in Ukraine from accessing the protocol. temporarily stopped but this restriction was later removed:
“As of this morning, we have restored access to WalletConnect Protocol for IP addresses in Ukraine. There were some false news that we restricted the access of other countries that were not sanctioned. “We can confirm that no restrictions have been imposed on any other country.”