For the Russians a Separate Crypto-Exchange was Opened
EXMO has opened a separate platform for users from Russia, Belarus and Kazakhstan. At the same time, nothing will change for its customers, since the new site will use the original branding, software and developments, the organization noted.
They also added that the site will soon have a staking function (receiving passive income by simply storing cryptocoins) and its own stablecoin (cryptocurrencies tied to some real currency).
The company emphasized that the changes will increase the efficiency of working with payment systems and banks, allowing them to participate in the regulation of cryptocurrencies.
At the beginning of March, the Swiss federal government decided to protect its blockchain industry by blocking the Russians’ cryptocurrency on marketplaces and other services. We are talking about the freezing of digital assets of Russians, which are stored on centralized crypto exchanges and other cryptocurrency services operating in Swiss jurisdiction, the publication noted.