Coinbase now conforms to sanctions and blocks 25000 Russian addresses it considers engaged in “illicit” activity – yet another reason to use BitWallet

Coinbase Conforms To Sanctions, Blocks 25,000 ‘Illicit’ Russian Crypto Wallet Addresses

“Coinbase, the largest cryptocurrency exchange in the United States, announced Monday that it had blocked more than 25,000 cryptocurrency wallet addresses associated with Russian persons or businesses suspected of engaging in criminal behavior.

Coinbase’s chief legal officer, Paul Grewal, detailed how the company is complying with new regulations set in response to Russia’s ongoing invasion of Ukraine in a blog post published Monday.

The NASDAQ-listed cryptocurrency exchange stated that it will not impose a blanket ban on all Russian wallet addresses, but will abide with international penalties.”

https://bitcoinist.com/coinbase-joins-sanctions/