Crypto-currency trading platform Coinbase has blocked 25,000 wallet addresses related to Russia.
The platform said the addresses were related to Russian individuals or entities it believed to have engaged in illicit activity.
The addresses were blocked over fears crypto-currency could be used to evade sanctions.
Coinbase’s chief legal officer, Paul Grewal, made the announcement on a company blog.
He outlined how the crypto exchange was complying with new rules imposed because of the Russia’s invasion of Ukraine.
It means no access for sanctioned individuals and includes “sophisticated blockchain analytics” to identify accounts indirectly linked to banned users.
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