#WalletConnect , a US-based #Web3 startup that links cryptoc

LIVE

CryptoWatchers

Bullish

--・904 views

#WalletConnect , a US-based #Web3 startup that links cryptocurrency wallets, has decided to halt its services in Russia from October 30, citing OFAC guidelines. The decision also briefly affected parts of Ukraine. The company's decision to restrict its services in #Russia has been attributed to the latest legal and OFAC guidelines. The US Treasury's Office of Foreign Assets Control (OFAC) has issued sanctions guidelines that have affected several #cryptocurrency companies operating in Russia. WalletConnect's decision to halt its services in Russia has been criticized by some who argue that it goes against the decentralized nature of #blockchain technology.

#WalletConnect  , a US-based #Web3  startup that links cryptocurrency wallets, has decided to halt its services in Russia from October 30, citing OFAC guidelines. The decision also briefly affected parts of Ukraine. 
The company's decision to restrict its services in #Russia  has been attributed to the latest legal and OFAC guidelines. The US Treasury's Office of Foreign Assets Control (OFAC) has issued sanctions guidelines that have affected several #cryptocurrency companies operating in Russia. 
WalletConnect's decision to halt its services in Russia has been criticized by some who argue that it goes against the decentralized nature of #blockchain  technology.