Coinbase has announced its full support of Russian sanctions, revealing the extent to which it has worked with governments.
The organisation has also revealed that they have blocked 25,000 accounts linked to Russians suspected of illicit activity.
“Many of which we have identified through our own proactive investigations,” the company said. “Once we identified these addresses, we shared them with the government to further support sanctions enforcement.”
They cryptocurrency exchange platform announced in a blog post that when a user opens an account, it checks the information provided against a list of sanctioned individuals or entities provided by United States, United Kingdom, European Union, United Nations, Singapore, Canada, and Japan, as well as blocking users from sanctioned areas such as Crimea, North Korea, Syria, and Iran.