What's Hot

    Twitter Suspends Doge Tipping Tool

    03.02.2023

    Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit

    03.02.2023

    Ripple began looking for developers of solutions for digital national currencies

    03.02.2023
    Facebook Twitter Instagram
    Friday, February 3
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Altcoins»Circle temporarily disables all fiat payments in Russia
    ab25f1e9cf9ea267d494e5f856af8e1f21c142f2
    Altcoins

    Circle temporarily disables all fiat payments in Russia

    AdministratorBy Administrator05.03.2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~2 m


    Circle complies with sanctions requirements

    Due to the difficult situation in politics, the United States and other countries have imposed rather harsh economic sanctions against Russia. To comply with sanctions requirements, Circle will temporarily disable all fiat transfers from accounts located in the Russian Federation, including card payments from cards issued in the country. The company offers a “sincere” apology for any inconvenience.

    Will the sanctions affect such a popular stablecoin Tether?

    Yesterday it became known that Tether, the issuer of the largest stablecoin USDT, has not received a request to block users from F, but it is closely monitoring the market for international sanctions.

    Currently, Tether is the issuer of the largest stablecoin USDT, with a market capitalization of $79.5 billion, and also occupies an honorable third place in the TOP-10 cryptocurrencies, second only to Bitcoin and Ethereum.

    The other day, users reported problems with accessing the MetaMask wallet, many cannot log in through the browser and mobile application. On February 26, there was a warning on the official website of the wallet that the service would not work in some regions due to the peculiarities of the legislation.

    Tether has previously stated that it will block users’ wallets as required by the US authorities and initially does not guarantee anonymity.

    “Tether Holding Ltd is a centralized company that can completely freeze the assets of investors at the request of the FBI or units of the Securities Commission,” a company representative said.

    Russians can lose their savings if they get on the sanctions lists, and the easiest way to block the assets of Russians is to blacklist IP addresses.

    It is important to understand that the company does not plan to blindly block all user accounts, Tether will block the accounts of those who will be included in the sanctions lists.

    “Most likely, IP data will be used and wallet connections with other addresses (from whom transactions were received and to whom they were sent) will be taken into account. Again, the task is difficult, but not impossible. Tether already has experience freezing addresses at the request of international law enforcement agencies,” Russian experts say.

    It’s funny that blocking certain IP addresses is easy to bypass using VPN services, so this approach is not very effective, and Tether is unlikely to make such a decision either.




    #Circle #temporarily #disables #fiat #payments #Russia

    Circle disables fiat payments Russia temporarily
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Twitter Suspends Doge Tipping Tool

    03.02.2023

    Ripple began looking for developers of solutions for digital national currencies

    03.02.2023

    Cardano-based stablecoin DJED loses its peg to the US dollar

    03.02.2023

    Robert Kiyosaki called fiat fake, and bitcoin

    03.02.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Twitter Suspends Doge Tipping Tool
    • Orion Protocol Lost $3 Million in Cryptocurrency in an Exploit
    • Ripple began looking for developers of solutions for digital national currencies
    • By the end of 2023, Ether may exceed $2,000
    • “Bitcoin is the only protection for money from inflation and currency devaluation”
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.