The LocalBitcoins platform will leave the Russian market

Russian users of LocalBitcoins began to receive notifications from the platform that it is planning to leave the Russian Federation soon.

As the Rozetked network resource clarifies, the exit from the domestic market is associated with tougher sanctions against Moscow.

Recall that within the framework of the new sanctions package, the EU authorities banned crypto wallets and exchanges registered in the jurisdiction of Brussels from stopping servicing users from Russia.

Now the LocalBitcoins platform, which is very popular with investors from the Russian Federation, is also joining the sanctions regime.

Emails sent to Russian users say dual nationals, including those of Switzerland and the EU, will be able to use the service as usual.

The administration of LocalBitcoins urges other users to withdraw funds from the platform as soon as possible. The exact date of the termination of customer service from Russia is not yet known.

Source