ATAIX Eurasia, a Kazakh cryptocurrency exchange, has informed Russian users that their accounts should be closed due to sanctions pressure from the European Union. The confirmation comes from a statement cited by The Frank Media, indicating that the platform will suspend services for certain Russian residents and entities.
According to the message, in line with EU sanctions, ATAIX Eurasia cannot continue to provide services to Russian citizens, individuals residing in Russia, or legal entities registered within the Russian Federation. The exchange urged Russians to withdraw assets and close their accounts by December 15, 2023, describing the move as a difficult decision and apologizing for any inconvenience caused.
ATAIX Eurasia is not the first crypto platform to limit operations for Russians. Earlier in 2023, Binance announced a similar policy, reflecting a broader tightening of access for Russian users amid international sanctions.
ATAIX Eurasia holds the distinction of being the first Kazakh-licensed crypto exchange operating under the FinTechLab pilot project, highlighting regulatory experimentation and alignment with financial technology initiatives in the region.
In related developments, Russian developers introduced the Green Button application in Africa, signaling ongoing efforts to adapt to global regulatory dynamics and shifting market access. [source attribution: The Frank Media]