South Korean cryptocurrency exchange Gopax announced on Wednesday that it has frozen and blocked Russian accounts and IP addresses from its platform.

See related article: Russian ruble plunges; Ukraine DAO aids civilians

Fast facts

  • According to local media, the exchange has blocked around 20 accounts belonging to Russian users.
  • Gopax said its restrictions align with the U.S. Office of Foreign Assets Control and the European Union’s sanctions against Russia. 
  • Hong Kong-based Animoca Brands also announced on Friday that it has shuttered its services for Russian users.
  • However, not all crypto exchanges share the sentiment, with Binance and Kraken saying they will not freeze individual user accounts on their platforms. 

See related article: Fifth S.Korean crypto exchange crosses regulatory finish line