Russian investors began to meet restrictions when working with some cryptocurrency exchanges. This is happening against the background of Russia's military operation in Ukraine, Kommersant reports.
In particular, the BTC-Alpha exchange announced the termination of service to Russian citizens, KUNA disabled trading pairs based on the Russian ruble, and CEX IO stopped registering new accounts from Russia, Belarus and Ukraine. The sites promise to review the policy as soon as the situation normalizes.
Cryptorg marketing director Andrey Podolyan noted that BTC Alpha and KUNA have Ukrainian owners, and admitted that "users will never see their funds again." BaksDAO partner Eduard Kim spoke about rumors regarding the possible freezing of Russian accounts on Binance, however, the company itself said that they "work as usual" and promised to notify users if any changes occur.
The FTX exchange also issued its own warning last week. The platform recalled that its terms prohibit access to the service by persons under sanctions.
EXANTE analyst Vladimir Ananyev said that, despite continuing concerns due to sanctions, freezing accounts of Russian users for exchanges is tantamount to a loss of reputation. Podolyan supported this opinion, noting that Russians account for up to a quarter of the operations of the world's largest cryptocurrency exchanges.