Dapper Labs Announced Restrictions for Russian Accounts

by in Cryptocurrency News

Dapper Labs Russia sanctions

NFT-focused blockchain development company Dapper Labs announced suspending Russian accounts.

Related: European Union Defines Crypto Sanctions on Russia and Belarus

In a blog post, the Dapper Labs team mentioned that the decision came after the European Union imposed new bans against Russia and Russian nationals. According to the EU statement released on October 6, prohibitions on crypto assets became tightened by banning all crypto wallets, accounts, or custody services.

Dapper Labs said that now Russian users aren't able to purchase, sell, or gift Sports NFTs. They also can't make withdrawals from their accounts or make Dapper Balance Purchases.

The company mentioned that they haven't closed the accounts, so impacted users can access and view their NFTs. The purchased assets continue to belong to the users.

Founded in 2018, Dapper Labs has developed the Flow blockchain protocol and video games like Cryptokitties, NBA Top Shot, Cheeze Wizards, etc.