Kraken Russia Comes into Compliance With EU Sanctions Against Russia

1 month ago Business 2 Community

The exchange has joined the long list of cryptocurrency exchanges that have left the country due to European Union sanctions. Kraken’s announcement comes after the EU implemented its most recent sanctions package, which was designed to punish Russia for its actions against Ukraine. According to the company, the Russian Kraken account is being blocked due to new European restrictions. In February 2022, Jesse Powell criticized the Canadian government for seizing cryptocurrency wallets to finance regional COVID-19 protests. However, Kraken has joined the growing list of international cryptocurrency exchanges and wallets that have stopped providing services to Russians in compliance with the most recent EU sanctions.
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