Some Coinbase users in Russia reportedly told to withdraw their funds from the crypto exchange by May 31.
According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions.Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported.
After that date, the funds may be frozen and all assets transferred to the accounts in the future will also be blocked, the crypto exchange’s support team warned the Russians, according to the post published by RBC Crypto.tweeted Grewal assured that the company is working with affected customers to give them an opportunity to demonstrate if these sanctions don’t apply to them or help them withdraw their funds from Coinbase, if they do. He also emphasized the exchange will continue to provide services to non-sanctioned Russian users who are not located in the EU and are not registered with its EU entities.
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