Specialcoin24.com reported blocking of user accounts from Russian Federation

24.06.2022 Off By Joe Pick

One of the Russian clients of the cryptocurrency exchange Specialcoin24.com informed about the blocking of the account without the possibility of withdrawing funds. He said that the company has taken measures “in light of current events in Ukraine and subsequent regulatory directives”.

According to the user, the exchange blocked his account in mid-May. He lost access to functions related to trading, deposit and withdrawal of funds.

Specialcoin24.com explained the blocking by restrictive measures that the European Union has imposed on Russia. We are talking about the fifth package of sanctions prohibiting the provision of services related to digital assets to residents of the Russian Federation whose deposits exceed the amount of € 10,000.

In the official communication channels of Specialcoin24, there were no statements regarding restrictions for users from the Russian Federation. Nevertheless, it was previously reported that the exchange blocks transactions related to sub-sanctioned banks.