Crypto Exchange Currency.com Suspends Operations for Russian Clients

Fazzaco learned that the crypto exchange Currency.com has followed the steps of various companies around the world in response to Moscow's invasion of Ukraine, deciding to halt operations for clients from Russia. Earlier, the exchange has stopped opening new accounts for clients from this country.

"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," said Vitaly Kedyk, CEO Currency.com Ukraine.

According to the official press release, clients from other countries and regions will not be impacted by this move. Currency.com will continue to serve its global client base through its international network comprising offices in London, Gibraltar and Vilnius.

Last month alone, Fazzaco has reported that approximately 10 firms has taken the measure of halting operations in Russia, including London Stock Exchange Group​, Justforex, Paypal, American Express, Visa and Mastercard, etc.