Coinbase Caves on Russian Sanctions Pressure

Published by
The Street

By Luc Olinga The crypto exchange resisted pressure from the authorities to block accounts of Russian individuals and entities. The pressure was rising but it may dissipate entirely now — after an initial period of resisting, Coinbase (COIN) has finally announced that it has blocked 25,000 accounts belonging to Russian individuals and entities for illicit activity. This lessening of an international spotlight is what Coinbase, which has just made an unexpected and unprecedented move, can only hope for now. This gesture will undoubtedly earn the company criticism from the crypto space, an indus…

Read More