UK FinTech neobank Revolut has announced that it will suspend its services to clients residing in Russia and Belarus

by Angel Di Matteo Tweet embed

The measure he took Revolution It welcomes the sanctions issued by many governments and international organizations against Russia and Belarus, precisely because of the armed incursions of the Soviet state into Ukrainian territory.

***

Bank and company financial technology It is based in the United Kingdom and also deals with cryptocurrencies, RevolutionAnd the It announced the suspension of its services to customers residing in Russia and Belarus, with which it joins the group of companies bound by international sanctions imposed on these countries.

Revolution Suspension of services for users residing in Russia and Belarus

According to various media, the action means that Revolution Fund transfer support to and from entities in Russia and Belarus will cease from today. This was revealed by an internal source who commented in detail on the measures that the bank will implement.

The relevant source also indicated that these users with credit cards Revolution Issued by financial institutions based in Russia or Belarus You will also not be able to use the mentioned products, as well as other services offered by the company Financial technology.

According to many reports, for the founders of Revolut, Nikolai Storonsky and Vlad Yatsenko, who are of Russian and Ukrainian descent respectively, the conflict that is currently being disputed between the two countries touches the very fabric of both, so the action is also part of the attitude that these managers maintain towards the position that they passes by. It is worth noting that these people hold British citizenship, so they act out of their legal status in the European country.

See also  Tlaxcala students represent the United States and the United Kingdom at the Model United Nations - El Sol de Tlaxcala

Regarding his position on the conflict, Storonsky issued a statement earlier this month expressing his disagreement with the measures promoted by Russia on Ukrainian soil, stating:

“They did nothing wrong. [Ucrania]; They simply helped build Revolut, supporting their families through their hard work, just like their colleagues in Ukraine (or London, New York, Sydney, Mumbai, or anywhere else in the world our people are). I was and still am familiar with them in all my actions.”

Sanctions against Russia and Belarus

The current situation and the degree to which Russia increased its actions against Ukraine led many governments and international organizations to apply economic sanctions to the Soviet state, with the aim of closing spaces to fund further actions and armed incursions.

These sanctions mainly target Russia and its closest ally in the region, Belarus, governments that increasingly see greater blockades in terms of capital channels, a situation that affects even their domestic economies and generates serious problems for the prices of their coins.

Various entities of the cryptocurrency ecosystem have agreed to these measures, but on the other hand there are also exchanges and companies, which have confirmed that they will not suspend their services, at least in Russia, as is the case with Coinbase, Binance and KrakenBecause they do not see it fair to judge the population outside the conflict to close the channels for them to adapt to the difficult economic situation they are going through.

However, the CEO Currency Today, Brian Armstrong emphasized that as a US-based company, if the local government decided to impose a blockade on Russia, unfortunately, these and other entities should benefit from the said opinion, although he personally would not agree to such a measure. Cruel as which – which.

See also  Different Lotteries and their Odds of Winning in 2021

Suggestions for reading


source: TheBlockCrypto

Angel Di Matteo version / Daily Bitcoin

picture unplash

Warning: This is an informational article. DiarioBitcoin is a medium of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investing in crypto assets is not regulated in some countries. It may not be suitable for individual investors as the entire amount invested may be lost. Check the laws of your country before investing.

Leave a Reply

Your email address will not be published. Required fields are marked *