Currency.com, a crypto exchange based in Belarus, has announced it will stop offering its services to Russian users.
One of the affected users has published the e-mail he has received from the platform.
According to it, starting from April 12, Russian residents will not be able to make deposits to accounts and, starting from April 26, they won’t be able to make new transactions. However, they will be able to complete previously initiated leveraged trades.
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The platform team has confirmed the information:
"That's right, this e-mail has been sent to clients who are residents of Russia. Unfortunately, we have been forced to resort to these measures. We are not going to block the accounts immediately and now, but we give the opportunity to complete all operations and withdraw funds."
The Russian parliament has allowed the creation of Russian crypto exchanges to circumvent sanctions.