Gold is up over $62.00 today.So i guess by now even the crypto believers can see many on the claims that positioned crypto as some sort of safe alternative to fiat printing is BS, governments track crypto even easier than conventional money transfers and now you can crypto are seized blocked etc just the same.
Coinbase : shutting down 25K wallets belonging to Russian customers due to suspicions about "illicit activity."
US crypto exchange Coinbase has blocked over 25,000 wallet addresses linked to Russian individuals or entities suspected of illicit conduct.
The firm said that majority of the blocked addresses were identified via international investigations before the Ukraine crisis.
The identified addresses have been shared with the government to further support sanctions enforcement, Coinbase chief legal officer Paul Grewal said in a blog post.
But a Coinbase spokesperson said in a statement that the company had flagged most of the Russian-linked accounts based on their activity before the war started. The spokesman added there has been no increase in sanction-evading activity on the service since the invasion.
This move is part of the firm’s multi-layered, global sanctions programme announced in line with global sanctions on Russia imposed by the US, the UK, European Union, United Nations, Singapore, Canada, and Japan.
As part of the initiative, Coinbase banned access for sanctioned individuals. The firm is also identifying addresses potentially linked to sanctioned actors, using blockchain analytics, to add to an internal blocklist.