@BOMBERuss 5 March 2022 more from that month

#Bitfly, the company that owns the #Ethermine mining pool, has updated the user agreement, according to which the pool stops servicing Russian and Belarusian miners. As Bitfly explained, the decision was made in compliance with the law on combating money laundering and countering illegal financial transactions. The prerequisite was the military special operation of Russian troops in the east of Ukraine. The restrictive measures of the Ethermine pool are "aimed at complying with the sanctions requirements of regulators" - so that Russian and Belarusian users cannot bypass the sanctions of the US government with the help of cryptocurrencies. Despite the policy update, Ethermine has not yet taken technical measures against users. Last week, the Ethereum mining pool #Flexpool also stopped working with users from #Russia, returning funds to their wallets. However, not all #cryptocurrency platforms are ready to immediately refuse to serve citizens of the Russian Federation. For example, today, on March 4, the CEO of the #Coinbase crypto exchange, Brian Armstrong, wrote on Twitter that Russian oligarchs are unlikely to use cryptocurrencies to circumvent sanctions. Thanks to the openness and transparency of the blockchain, illegal transactions with cryptocurrencies are much easier to track than transactions in cash or other assets, Armstrong is sure. The head of Coinbase believes that everyone has the right to access basic financial services, because after the fall of the Russian ruble, ordinary users from the Russian Federation use crypto assets as a lifeline. Including users who do not support the actions of their government, as sanctions affect all citizens of the country. However, the head of Coinbase warns that if the US government imposes a corresponding ban, the exchange will be forced to comply with it. According to him, any American company must comply with sanctions laws, even if it works with cryptocurrencies. Recently, former US presidential candidate Hillary Clinton called on Western trading platforms and cryptocurrency services to block transactions for Russians in order to isolate them from the cryptocurrency #market. #BTC #SHIBA #ETH