Crypto Exchange Coinbase Began to Block Russian Accounts

The largest American crypto-exchange Coinbase began to send out notices to Russian clients about the closure of their accounts. Earlier, the company said that it will only limit access to accounts of clients who hold more than $10,000 in crypto, but now the blocking has affected even customers with smaller amounts on the balance.

Coinbase explained the blocking of accounts by the requirements of FinCEN. As follows from the notifications, accounts that are believed to have engaged in illicit activities are being suspended.