<p>On Thursday, a leading flow developer of Blockchain, Dapper Labs, announced that it suspended all the Russian accounts as the European Union imposed multiple bans on Russia’s crypto industry. According to the statement from the EU, the prohibitions are imposed on Russia’s crypto asset wallets, crypto accounts and custody services regardless of the total asset value stored in them.</p><h2 id="header-0">Dapper Bans NFT Transactions In Russia</h2><p>On 6 October, Dapper Labs announced that it had put restrictions on Russian accounts and stopped executing payments on the platform following the EU’s recent announcement by the end of last week. According to Dapper, the accounts that belong to Russian citizens will not be able to buy, sell and send <a href="https://nftandgamefi.com/2022/09/24/top-nft-collections/" rel="noopener noreferrer nofollow">non-fungible tokens</a> (NFT) to others from now on. Moreover, Dapper also banned withdrawing or adding funds to their crypto wallets.</p><p>Dapper <a href="https://support.meetdapper.com/hc/en-us/articles/5486302427795-Restrictions-Affecting-Collectors-in-Russia" rel="noopener noreferrer nofollow">stated</a> in a press release, “It is now prohibited to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia, irrespective of the amount of the wallet.” However, the firm has not closed the crypto accounts of Russian holders, as Dapper further stated, “However, Dapper has not closed the accounts. Users impacted by these actions can continue to access and view their NFTs. Additionally, regardless of this new regulation, any NFT previously purchased by an impacted user continues to belong to that user. Any Moments you own and any Dapper Balance continue to be your property.”</p><p>Read the full article: <a href="https://nftandgamefi.com/2022/10/14/dapper-labs-resctrictions-russians/" rel="noopener noreferrer nofollow">Dapper Labs Imposed Restrictions On Russian Accounts After New EU Sanctions</a></p>

Dapper Labs Imposed Restrictions On Russian Accounts After New EU Sanctions

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