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{"id":1068,"date":"2022-03-08T14:53:25","date_gmt":"2022-03-08T14:53:25","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/08\/coinbase-says-its-blocking-25000-russia-linked-crypto-addresses\/"},"modified":"2022-03-08T14:53:26","modified_gmt":"2022-03-08T14:53:26","slug":"coinbase-says-its-blocking-25000-russia-linked-crypto-addresses","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/08\/coinbase-says-its-blocking-25000-russia-linked-crypto-addresses\/","title":{"rendered":"Coinbase says it\u2019s blocking 25,000 Russia-linked crypto addresses"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/7\/22965605\/coinbase-russian-sanctions-address-blocking<\/a>
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Coinbase says it\u2019s currently blocking 25,000 cryptocurrency addresses linked to Russian people or entities, defending itself against claims that Russia could evade sanctions with crypto<\/a>. In a blog post published yesterday<\/a>, chief legal officer Paul Grewal outlined how the financial exchange is complying with new rules imposed amid the ongoing invasion of Ukraine. That includes using \u201csophisticated blockchain analytics\u201d to identify accounts that are indirectly linked to banned users.<\/p>\n

Coinbase indicated that the 25,000 blocked accounts were \u201crelated to Russian individuals or entities we believe to be engaging in illicit activity.\u201d It didn\u2019t specify when precisely they\u2019d been blocked or how many of the restrictions were related to the current sanctions \u2014 in one example, for instance, Coinbase cited a 2020 sanction against a specific Russian national with 1,200 potentially linked accounts.<\/p>\n

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