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cryptonews

2023-02-27 10:17:00

Kucoin and Huobi Are Accused in Report of Enabling Russian Banks to Break Sanctions

Kucoin and Huobi Are Accused in Report of Enabling Russian Banks to Break Sanctions

Huobi and KuCoin, two of the world's largest crypto exchanges, have reportedly continued to provide services to customers of sanctioned Russian banks. The exchanges, both based in Seychelles, failed to take proper measures in order to block traders from transacting with debit cards issued by sanctioned Russian banks, including Sberbank, on their peer-to-peer platforms, Bloomberg reported, citing research from the blockchain analytics firm Inca Digital provided.... Read More: Kucoin and Huobi Are Accused in Report of Enabling Russian Banks to Break Sanctions

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