Crypto exchange Coinbase stops short of blanket ban on Russian accounts


FILE PHOTO The logo for Coinbase Global Inc the biggest U.S. cryptocurrency exchange is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York U.S. April 14 2021. REUTERSShannon Stapleton

FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton

(Reuters) - U.S. cryptocurrency exchange Coinbase Global Inc will continue to block accounts and transactions of Russian clients targeted by sanctions, but it stopped short of banning all users from the country.

"At this time, we will not institute a blanket ban on all Coinbase transactions involving Russian addresses," a Coinbase spokesperson said.

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