Coinbase says it’s currently blocking 25,000 cryptocurrency addresses linked to Russian people or entities, defending itself against claims that Russia could evade sanctions with crypto. In a blog post published yesterday, chief legal officer Paul Grewal outlined how the financial exchange is complying with new rules imposed amid the ongoing invasion of Ukraine. That includes using “sophisticated blockchain analytics” to identify accounts that are indirectly linked to banned users.
“Sanctions play a vital role in promoting national security and deterring unlawful aggression, and Coinbase fully supports these efforts by government authorities,” said Grewal.
Interesting, isn't it? How all crypto claims turned out to be fake and how most large crypto companies executed order 66 :-)
They'll make cobadged Mir-UnionPay cards now, so inside it'll be used as Mir and outside as UnionPay card.
The war must be waged for real, or it must not be waged at all. There can be no middle ground here.
V. Lenin
Visa wants to block all transactions in Russia.
From the Mastercard statement:
Given the unprecedented nature of the current conflict and the uncertain economic environment, we have taken the decision to suspend our network services in Russia....
After this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And any Mastercard issued outside the country will not work in Russian stores or ATMs....
Already on February 25, it became known that one of the five largest pools (FlexPool) announced a complete blocking of Ether mining farms from Russia and Belarus. Then it seemed like complete nonsense, since it is enough to use a VPN to bypass it. Such actions were supported by Vitalik Buterin, who even transferred money to help Ukraine.
While the major crypto exchanges are arguing about the importance of decentralization and assuring the entire Western world that the key principles of the cryptocurrency community cannot be violated, pools are clearly controlled by US authorities.
As it became known, already yesterday, the largest Ethereum mining pool, Ethermine, limited the connection options for miners from the Russian Federation and Belarus. The reason given is an attempt to stop money laundering by Russian oligarchs. It is not entirely clear here, either all the inhabitants of the Russian Federation are considered oligarchs there, or the management of the pool is trying to find an excuse for their actions.
Isn't it interesting? All this stories about decentralization, independence and freedom. Turned out to be blatant lies.
The head of Adobe, Shantanu Narayen, published an official statement on a corporate blog, according to which the company stops all new sales in Russia. Now it will not be possible to buy Photoshop, Premiere Pro and other company products in the country. All state media in Russia are subject to additional restrictions.
Mr. Narayen clarified that the cessation of all new sales in Russia will take effect immediately. For most of the previously concluded contacts, the obligations will be fulfilled. Previously issued subscriptions will also continue to work, but it will not be possible to renew them or issue new ones. Adobe's decision is driven by the company's commitment to comply with sanctions imposed by the US, European and UK governments - this measure will allow the company to make sure that its product and services are not used by organizations that fall under the sanctions.
All subscriptions will stop working with time. Nice.
Still love subscriptions? No? I told ya!
Welcome to the word where Adobe is officially recognized as enemy of the people!
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