A company that is changing the way the world mines bitcoin

Crypto Potato 2025-02-08 04:33:46

Derivatives Exchange Deribit Exits Russian Market Amid EU Sanctions

Deribit has officially announced its departure from the Russian market due to sanctions imposed by the European Union. The crypto exchange, which operates under Dutch regulations, stated that it can no longer offer services to Russian nationals and residents unless they meet specific conditions. These exceptions include Russian citizens who also hold citizenship in an EEA member country or Switzerland or those who permanently reside in these regions. For example, Russians living in Ireland or Danish nationals can still access Deribit. However, those residing in the UAE remain restricted. Furthermore, the exchange clarified that Russian companies are entirely excluded from its services, according to TASS’ latest report . Russia’s conflict with Ukraine led to its banks being cut off from the SWIFT payment system, preventing them from facilitating international transactions and financing global trade. The sanctions significantly harmed the country’s economy, while foreign banks became increasingly cautious about handling Russian payments to avoid breaching sanction laws. Its cryptocurrency sector has been significantly influenced by sanctions, with digital assets becoming widely adopted as a way to evade restrictions. Even government officials supported this approach at last year’s BRICS Summit. Finance Minister Anton Siluanov previously confirmed that Russian companies have begun leveraging Bitcoin and other cryptocurrencies for cross-border transactions. This followed the enactment of a law signed by President Vladimir Putin, which was introduced last year. However, it continues to ban the use of cryptocurrencies for transactions within Russia. While Deribit had previously operated in Russia despite US-imposed sanctions, the introduction of fresh EU restrictions led the exchange to alter its policies. The company has dealt with various regulatory challenges over time, which was a key factor in its 2023 decision to relocate to Dubai. Nonetheless, Russians living in Dubai remain barred from registering on the platform. The post Derivatives Exchange Deribit Exits Russian Market Amid EU Sanctions appeared first on CryptoPotato .

Наиболее читаемые новости

Bitcoin ETFs Attract $171 Million Inflow, Eth...
2025-02-08
Unchanged Crypto Fear & Greed Index at 44: De...
2025-02-08
Crypto Market in Final Stage of the Cycle, Wa...
2025-02-08
Pro-XRP Lawyer John Deaton Calls Out Bill Hin...
2025-02-08
SOL Price Falls as Investors Eye PEPETO
2025-02-08
Surprising US Jobs Report: Nonfarm Payrolls U...
2025-02-08
Meme Coins Such As Floki And SHIB Are Facing...
2025-02-08
Popcat Price Skyrockets 22%; Why Is The Solan...
2025-02-08

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