NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    • Newsletter
    NFT Evening NFT Evening
    News

    Home » News » Dapper Labs Suspends All Russian User Accounts

    Dapper Labs Suspends All Russian User Accounts

    By VineetOctober 10, 20222 Mins Read
    Contents hide
    Why Did Dapper Labs Ban Russian Accounts?
    What Action Can Russian Users Take?
    Who Are Dapper Labs?

    Dapper Labs announced on Thursday that it would suspend all Russian accounts following sanctions imposed by the EU. The latest sanctions include a blanket ban on all crypto-related services in the country due to growing Russian activity in Ukraine. Users in Russia will now be unable to buy, sell, trade, or withdraw their Dapper Labs NFTs.

    Dapper Labs Logo With Flag of Russia
    Dapper Labs bans Russia accounts following EU sanctions

    Why Did Dapper Labs Ban Russian Accounts?

    According to Dapper Labs, their payments and service partners are subject to EU regulations and guidelines. As a result, the latest EU sanctions directly impact all existing Russian accounts. The European Union announced this move to dampen the warring nations’ invasion of Ukraine. The sanctions follow repeated Russian missile strikes on Kyiv that occurred on Monday, 3rd October.

    “It is now prohibited to provide crypto-asset wallet, account, or custody services of any value to accounts with connections to Russia, irrespective of the amount of the wallet.” – read the latest statement from Dapper Labs.

    Furthermore, the sanctions also include a complete ban on cross-border crypto transfers between Russia and the EU. The European Commission stated in its latest press release, “These (sanctions) are significant as they will potentially weaken Russia’s industrial capacity because it is highly dependent on importing these services.”

    What Action Can Russian Users Take?

    Dapper Labs have explicitly stated that they have not closed any accounts in Russia following the latest regulations. Russian account holders will still be able to access and view their NFTs. In addition to this, all the NFTs purchased by the users shall continue to remain theirs. Moreover, any Dapper Balance to user accounts shall remain unaffected.

    Nevertheless, the ban has received mixed reactions on crypto Twitter. While some users agree, some argue banning Russians means decentralization is lost in the process.

    I don’t care if its @dapperlabs or whoever…

    If you’re freezing “accounts,” you’re actively censoring in an industry that was founded around censorship resistance.

    “B-b-but mAiNsTrEaM aDoPtIoN needs centralization…” I do not care. You’re a net negative to the space.

    — shas🌸 (@XBT002) October 9, 2022

    Who Are Dapper Labs?

    Dapper Labs are the Canada-based web3 startup behind leading NFT projects such as NBA Top Shot, NFL All Day, UFC Strike, and the Flow blockchain. The company is at the forefront of building a high-impact digital world starting with games and entertainment.

     

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    nft security
    Previous ArticleHot Topic Fashion Enters The Roblox Metaverse
    Next Article Foundation-certified Van Gogh NFTs To Debut on Appreciator.io
    Vineet
    • Website
    • Twitter

    Vineet is a storyteller based in Mumbai. Having previously worked for various web2 organizations as a journalist, instructional designer, and event manager, he got into blockchain in early 2021. As a musician by passion, he fell in love with the digital megastructures building the future of art and creativity. He believes that web3 unlocks creativity at a higher level, and works towards onboarding music projects to the space.

    More great NFT Evening content:

    Spatial Metaverse Company Launches GDC Announcement Today

    March 24, 2023

    All the PFPs Invited on the Otherside Second Trip

    March 24, 2023

    Paris Blockchain Week: 4 NFT Trends to watch in 2023

    March 24, 2023

    Nike & RTFKT Team Up To Bring Physical Air Force 1 NFT Sneakers To Collectors

    March 24, 2023

    NFT Trading Soars in Virtual Worlds: $311M in Q1 2023, Says DappRadar

    March 24, 2023

    ZED RUN x Budweiser: Web3 Collaboration You Can Wear

    March 24, 2023

    MVFW 2023: A Peek at the Four Fashion-Filled Days Ahead

    March 24, 2023

    Yuga Labs Announces The Otherside 2nd Trip Captains

    March 23, 2023
    Latest NFT News

    Spatial Metaverse Company Launches GDC Announcement Today

    March 24, 2023

    All the PFPs Invited on the Otherside Second Trip

    March 24, 2023

    Paris Blockchain Week: 4 NFT Trends to watch in 2023

    March 24, 2023

    Nike & RTFKT Team Up To Bring Physical Air Force 1 NFT Sneakers To Collectors

    March 24, 2023

    NFT Trading Soars in Virtual Worlds: $311M in Q1 2023, Says DappRadar

    March 24, 2023

    ZED RUN x Budweiser: Web3 Collaboration You Can Wear

    March 24, 2023

    MVFW 2023: A Peek at the Four Fashion-Filled Days Ahead

    March 24, 2023

    L’Oréal’s Brandstorm Competition Brings You To The Metaverse

    March 23, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.