US Exchange Kraken Bans Registration of Russian Users

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Crypto exchange Kraken has banned users from Russia from registering accounts and has also limited accounts “based in Russia.”

According to the platform’s representatives, the measure is temporary, but has stressed “they cannot guarantee anything.”

A support representative has explained existing customers from Russia can deposit and withdraw cryptocurrencies. According to the exchange, the allowable amount of transactions depends on the level of KYC. They also have the ability to trade digital assets.

At the same time, Russian users have been banned from making transactions related to the deposit/withdrawal of fiat and the purchase of digital assets for traditional money.