Tag: blocked

Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities – Economics Bitcoin News

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Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan Banks Suspend Crypto-Related Accounts Venezuelan banks are ramping up vigilance on accounts that commonly are related to cryptocurrency transactions. According to a blog post published by Legalrocks, a Venezuelan law firm focused on cryptocurrency and…

Coinbase claims Apple blocked wallet app release over gas fees

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The self-custody crypto wallet from Coinbase said users can no longer send nonfungible tokens, or NFTs, due to interference from Apple. In a Dec. 1 Twitter thread, Coinbase Wallet said the tech company with a more than $2 trillion market capitalization had blocked the latest release of its app in an effort to “collect 30% of the gas fee” through in-app purchases. The platform claimed Apple wanted Coinbase Wallet to disable NFT transactions, introducing “new policies to protect their profits at the expense of consumer investment in NFTs and developer…

Crypto Exchange Okx Blocked by Russia’s Telecom Watchdog – Exchanges Bitcoin News

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Russian media and communications regulator, Roskomnadzor, has restricted access to the website of a major cryptocurrency exchange, Okx. The trading platform was one of those that did not restrict access for Russians amid sanctions that affected the industry’s business in Russia. Okx Blacklisted on Request From Russian Prosecutor’s Office for Disseminating Banned Information Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media, also known as Roskomnadzor, has added this week the domain name of crypto exchange Okx to its list of sites containing information, the distribution of…

Crypto Exchange OKX’s Website Blocked in Russia; Reason Undisclosed

According to Artem Kozlyuk, founder of Roskomsvoboda, says even the owners of blacklisted websites usually don’t know why they have been blacklisted, so only by suing Roskomnadzor they can find out the reason. Website hosting services, which are obliged to block banned websites, also only know about the fact of blacklisting: the only information publicly shared is the number of a decision and the article of law, Kozlyuk told CoinDesk. Original Source blockedCryptoExchangeOKXsReasonRussiaUndisclosedWebsite CryptoX Portal

Crypto Exchange dYdX Blocked Accounts That Received Even Small Amounts From Tornado Cash

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Bit2Me to onboard 100k blocked crypto investors from 2gether exchange

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Following a recent agreement between the two crypto exchanges, Bit2Me announced plans to onboard 2gether’s 100,000 crypto investors, who were recently blocked from trading due to the exchange’s inability to operate amid unfavorable market conditions. On July 10, Spanish cryptocurrency trading platform 2gether shut down its free trading services, citing its inability to justify its related operational costs due to crypto winter. Instead, the users were being charged 20 euros as maintenance fees. Providing relief to the recently displaced crypto investors, Bit2Me reached an agreement with 2gether to onboard its…

Coinbase Warns Some Russian Users Their Accounts May Be Blocked, Report Reveals – Exchanges Bitcoin News

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Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds 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. The company suggested that these customers withdraw…

Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To ‘Blocked Activities’ – Defi Bitcoin News

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Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds cannot be transacted using its platform. The company has already started blocking addresses linked to “blocked activities” and will apply a filter with data provided by TRM Labs, a blockchain analysis firm that focuses on detecting illegal activities. Uniswap Scrutinizes Addresses Interacting With Its Frontend Uniswap, the decentralized finance exchange, has taken measures to curb the illegal activity conducted using its platform. The exchange has now introduced address…

Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases – Bitcoin News

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The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to identity theft or money laundering. Bank of Spain Explains Crypto-Related Account Restrictions The Bank of Spain has issued a post explaining to users the potential actions that commercial banks can take when detecting…