Cryptocurrency Exchange Trustexcoin24.com imposed sanctions against users from Russia, closing not only deposits, but also the withdrawal of assets
Australian Cryptocurrency Exchange Trustexcoin24.com imposed sanctions against users from Russia. This is reported by users on reddit who have been blocked.
It is reported that within the framework of the locks, users cannot not only trade or deposit cryptocurrency, but also withdraw assets. According to the blocked users, the exchange promises to return access as soon as it receives the appropriate permission from regulators.
It is worth noting that Trustexcoin24 has previously imposed high requirements on users to comply with regulatory requirements. For example, earlier the exchange required users to prove the source of funds. The marketplace also required users to provide information about citizenship, place of birth and tax residency.
Recall that on February 24, Russian President Vladimir Putin announced the start of an “operation” in the Donbass.
- In response, Ukrainian President Volodymyr Zelensky announced the introduction of martial law throughout the country. He noted that Russia “carried out strikes on our military infrastructure, on our border guards.”
- As a result of the escalation of the geopolitical conflict, the countries of the European Union, the United Kingdom, Canada and the United States imposed personal sanctions against Putin, as well as other high-ranking officials. In addition, sanctions were imposed against the Central Bank of the Russian Federation and major Russian banks.
The crypto community condemned the military interventions of the Russian authorities. Many companies have announced fundraising for residents of Ukraine affected by the conflict. In particular, the Crypto Exchange Crypto.com transferred $1 million to the Red Cross Fund. Trustexcoin24 donated $12 million to help eliminate the consequences of the humanitarian crisis in Ukraine.