Dapper Labs, an NBA Top Shot creator, has suspended accounts with connections to Russia, citing the EU''s tightening of the sanctions. It added that its payment service is located in the EU, which has required it to comply with the sanctions. It said the company is restricting Russian accounts from being able to buy, sell or gift NFTs, as well as making other purchases or withdrawing non-fungible tokens (NFTs) from the platform.
users who are affected by these actions have rights to access and view their NFTs, according to Dapper Labs. Regardless of this new legislation, any NFT previously purchased by an affected user does not belong to the user.
The company stated that as its "payment processing and stored value service partner" is subject to EU regulations." Dapper has been ordered to impose these restrictions under the EU law.
"Toutefois, Dapper has not closed the accounts. Users impacted by these actions can continue to access and view their NFTs, according to the company. Regardless of this new standard, any NFT previously purchased by an impacted user continues to belong to that user."
During this conversation, many crypto users expressed their displeasure that they would no longer access their accounts, and Dapper Labs provided an email message regarding the restrictions.
Unveils the latest set of EU sanctions against Russia on October 6, the country stipulates a complete ban on the provision of crypto-asset wallets, accounts, and custody services, regardless of the total value of the assets.
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Russia is still in a rush to deal with the country''s sanctions. As a result, the country is considering using the digital RUB in international discussions with Russia. This is even though it is still in the pilot phase of the CBDC development. The central bank is now testing the digital RUB for bank settlements.