A company that is changing the way the world mines bitcoin

Coinpaprika 2025-02-07 07:37:21

Deribit Bans Russian Users Amid New EU Sanctions

Deribit has announced a ban on Russian users due to new EU sanctions , despite being based in Dubai under a Dutch parent company. Russian traders make up the second-largest user group on the platform, but several other exchanges remain dominant in the country’s crypto market. While this decision aligns with EU regulations, it may impact Deribit more than Russia’s crypto sector . According to TASS , Deribit is fully withdrawing from Russia, with some exceptions. Russian-born individuals holding citizenship or permanent residency in the European Economic Area can still use the platform, but Russian firms are completely banned . Deribit issued a statement explaining its decision: “Due to EU sanctions against Russia, we can no longer accept Russian nationals or residents as clients, unless an exception applies. Since our parent company is Dutch, these sanctions affect us directly.” Sanctions have significantly influenced Russia’s crypto industry , with digital assets becoming a widely used tool to bypass financial restrictions. Russian officials have openly acknowledged crypto’s role in this strategy, as seen at last year’s BRICS Summit . However, the U.S. Treasury continues to tighten its grip by imposing additional sanctions on crypto platforms facilitating Russian transactions. Deribit previously operated in Russia despite U.S. sanctions, but the new EU measures forced it to change course. This is part of a broader regulatory struggle that led Deribit to relocate to Dubai in 2023. However, even Russians living in Dubai are now prohibited from signing up. This is not the exchange’s only challenge . Recently, Deribit was considering a buyout by Kraken , signaling possible financial uncertainty. Additionally, while the platform is popular in Russia, it ranks below several larger competitors in the country. These sanctions could ultimately harm Deribit more than Russia’s crypto market . The incident also highlights the growing importance of decentralized finance ( DeFi ) . While centralized exchanges must comply with international sanctions, DeFi provides alternative tools that remain outside direct regulatory control.

Наиболее читаемые новости

List of The best Crypto Payment Gateways for...
2025-02-07
BlackRock increases stake in Michael Saylor’s...
2025-02-07
Emerging Blockchain Coins: Top Cryptocurrency...
2025-02-07
New Blockchain-Based Coins: The Top Crypto Pi...
2025-02-07
‘Sentiment Is in the Gutter’: Economist Henri...
2025-02-07
VVV Climbs 19% While JELLY JELLY Plummets—But...
2025-02-07
VVV Surges 19% While JELLY JELLY Crashes—But...
2025-02-07
Crypto Veteran Predicts XRP Hitting $10 as DO...
2025-02-07

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения