Crypto exchange Currency.com halts operations for Russian residents LeapRate
Currency.com, a global crypto exchange, has halted operations for residents of the Russian Federation.
Tuesday’s announcement comes after Currency.com has already stopped opening new accounts for Russian customers. These measures come in response to the Russian invasion of Ukraine.
Vitaly Kedyk, CEO of Currency.com Ukraine, commented:
The Russian invasion of Ukraine has sown violence and disorder among the Ukrainian people. We condemn Russian aggression in the strongest possible terms.
We stand with Ukraine and with all those who denounce this terrible war. Under these circumstances, we can no longer continue to serve our Russian customers.
The company further explained that customers in other countries and regions will not be affected by the decision.
The Russian invasion of Ukraine was followed by a barrage of sanctions from Western countries and the exit of foreign companies from Russia.
Several financial services companies, such as Goldman Sachs and payment companies Visa, Mastercard, American Express and PayPal, have withdrawn from Russia and its European ally, Belarus.