Crypto exchange Currency.com stops operations for Russian residents

Steffy Bogdanova
April 13, 2022 1:32 pm

Currency.com, a global crypto exchange, has halted its operations for residents of the Russian Federation.

The announcement from Tuesday comes after Currency.com had already stopped opening new accounts for clients from Russia. These moves come as a response to the Russian invasion of Ukraine.

Vitaly Kedyk, CEO Currency.com Ukraine, commented:

The Russian invasion of Ukraine brought violence and disorder to the people of Ukraine. We condemn the Russian aggression in the strongest possible terms.

We stand with Ukraine and everyone who denounces this terrible war. In these circumstances we can no longer continue to serve our clients from Russia.

currency.com

The company further explained that clients of other countries and regions will not be impacted by the decision.

The Russian invasion of Ukraine was followed by a barrage of sanctions from western countries and the exit of foreign companies form Russia.

Several financial services companies, like Goldman Sachs and payment firms Visa, Mastercard, American Express and PayPal, have pulled out of Russia and its European ally Belarus.

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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