Crypto exchange boss rejects blanket ban on Russian users

Mark Battersby
clock • 2 min read

DeVere Crypto, part of deVere Group has confirmed that it will not implement a blanket ban on Russians using its platform. It move comes as rivals such as based global exchange is currently blocking 25,000 cryptocurrency addresses linked to Russians, amid concerns that digital currencies will be used to bypass sanctions. It also follows news that American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine. Chief executive and founder of deVere Group, Nigel Green, said: "A few hundred, named Russian individuals are on ...

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