Coinbase blocks 25,000 Russian addresses

[Alichlas92]

The reason Russia goes to war is for security.. one of the fundamental reasons is that Russia doesn't feel safe if there is a nuclear country on the border. moreover it's a nato member country.


if only because of this blocking issue could make retract the invasion of russia and end the war in ukraine. I think it's a miracle...


Looking at the problem of blocking 25,000 addresses, if it's internally related, I don't think it's a problem, but if you get involved in this war conflict, it will be a big problem especially in the crypto world.

I think coinbase is quite ready to take a stand on blocking the 25,000 addresses.

[satpol_PP]

Looking at the problem of blocking 25,000 addresses, if it's internally related, I don't think it's a problem, but if you get involved in this war conflict, it will be a big problem especially in the crypto world.

I think coinbase is quite ready to take a stand on blocking the 25,000 addresses.

War always have bad effect for  all elements, especially financial, economic and security.
But I don't think It will effect for crypto world.
Because Russia and Ukraine war just effect at the beginning.
And it's bearish season.
I think It doesn't effect from Russia and Ukraine war.

[Senin]

The reason Russia goes to war is for security.. one of the fundamental reasons is that Russia doesn't feel safe if there is a nuclear country on the border. moreover it's a nato member country.


if only because of this blocking issue could make retract the invasion of russia and end the war in ukraine. I think it's a miracle...


Looking at the problem of blocking 25,000 addresses, if it's internally related, I don't think it's a problem, but if you get involved in this war conflict, it will be a big problem especially in the crypto world.

I think coinbase is quite ready to take a stand on blocking the 25,000 addresses.

Regarding Russia's sense of danger from a neighboring country if it becomes a member of NATO, this is all lies and Putin's propaganda. Ukraine did not threaten Russia and did not intend to do so. It is also not currently a nuclear state. It voluntarily handed over its third nuclear potential to Russia earlier, along with the missiles that Russia is now firing at it.
Latvia and Estonia have long been members of NATO and share common borders with Russia. And nothing, Russia did not attack them.
Now Finland after the Russian aggression in Ukraine is going to become a member of NATO in June. Russia recently defiantly pulled up S-300 anti-aircraft missile systems to their common border. In response, the Finns drove up to the border on tractors, hinting that a lot of Russian armored vehicles were destroyed and captured by Ukrainians and towed by tractors to their farms. Does Russia have enough strength to fight with everyone if it is already suffering a military defeat in Ukraine?

[Alichlas92]

maybe as you say, and that's according to news stories from one or several media that you consume.. regardless of the truth and reasons for each person's opinion according to the knowledge of their respective portions...

back to the problem whether the blocking of 25,000 addresses or the sanctions carried out by Coinbase will have a negative impact on Russia?
If it is, maybe Russia will sort it out soon.

[Freemind]

maybe as you say, and that's according to news stories from one or several media that you consume.. regardless of the truth and reasons for each person's opinion according to the knowledge of their respective portions...

back to the problem whether the blocking of 25,000 addresses or the sanctions carried out by Coinbase will have a negative impact on Russia?
If it is, maybe Russia will sort it out soon.

Of course not, blocking those 25,000 accounts is not going to have any impact in Russia. Blocking those accounts will only make a few feel good, and Coinbase will think that it has fulfilled its obligation to combat money laundering, but it is actually foolish. If they have blocked 25,000 accounts, it is because surely there are many more that cannot be blocked due to lack of evidence. I really think that all this has only served to make public opinion think that they always do the right thing, nothing more.

[Alichlas92]

maybe as you say, and that's according to news stories from one or several media that you consume.. regardless of the truth and reasons for each person's opinion according to the knowledge of their respective portions...

back to the problem whether the blocking of 25,000 addresses or the sanctions carried out by Coinbase will have a negative impact on Russia?
If it is, maybe Russia will sort it out soon.

Of course not, blocking those 25,000 accounts is not going to have any impact in Russia. Blocking those accounts will only make a few feel good, and Coinbase will think that it has fulfilled its obligation to combat money laundering, but it is actually foolish. If they have blocked 25,000 accounts, it is because surely there are many more that cannot be blocked due to lack of evidence. I really think that all this has only served to make public opinion think that they always do the right thing, nothing more.

if the reason for blocking is to limit money laundering accounts I also think the same... that all of that only serves to create opinion so the public think that they are always doing the right thing, nothing more.

maybe they see there is some benefit or advantage to that opinion.. at least get some trust..

[Freemind]

if the reason for blocking is to limit money laundering accounts I also think the same... that all of that only serves to create opinion so the public think that they are always doing the right thing, nothing more.

maybe they see there is some benefit or advantage to that opinion.. at least get some trust..

"Coinbase, the exchange that helped Ukraine fight Putin's tyranny". I think it is a headline that would sell many newspapers and give many visits to digital media, after all I think that is the intention of Coinbase blocking those accounts, because as we already know, that is not going to change anything that is happening. There are many exchanges available at the moment, and some have anti-money laundering laws just because the law requires it, another thing is that they then comply with those laws.

[Alichlas92]

"Coinbase, the exchange that helped Ukraine fight Putin's tyranny". I think it is a headline that would sell many newspapers and give many visits to digital media, after all I think that is the intention of Coinbase blocking those accounts, because as we already know, that is not going to change anything that is happening. There are many exchanges available at the moment, and some have anti-money laundering laws just because the law requires it, another thing is that they then comply with those laws.

if they want to block coinbase money laundering accounts there is no need to make that opinion, i think coinbase is taking advantage of the atmosphere where some countries are sanctioning russia and coinbase is getting into it.. looking at the pros and cons of the russian invasion of ukraine, coinbase took a risk, maybe some users will switch to another stock exchange..?

[lepbagong]

Honestly, I see this case is not fair, If coinsbase blocked 25,000 russian address without the clear reason.
If they said those are suspicious account that coinsbase monitor for along years.
I don't believe about this reason.
I agree with opinions above, maybe this is just an order.

The possible answer will always be debated, but logically if you are really going to do something, don't be close to the situation that happened, such as the Russian invasion of Ukraine, because the motive will certainly be related to this and cannot be separated from the situation.
Yes, I agree, that actions like that are associated with political climates, which are clearly irrelevant and even seem unfair and far-fetched, but this is a decision and everyone has to accept that fact, even though it is definitely unfair.

[Freemind]

if they want to block coinbase money laundering accounts there is no need to make that opinion, i think coinbase is taking advantage of the atmosphere where some countries are sanctioning russia and coinbase is getting into it.. looking at the pros and cons of the russian invasion of ukraine, coinbase took a risk, maybe some users will switch to another stock exchange..?

Russian citizens who have nothing to hide and do things legally do not have to be treated like this. I don't think those 25,000 accounts were laundering money, I think it was a blockade of any user with an IP from Russian ISPs. Fortunately, Coinbase is not the only exchange available, and more DEXes are appearing every day for users to work with. Every time I think about what Coinbase has done, I am reminded of the words of Kraken founder Jesse Powell.

[Alcor]

if they want to block coinbase money laundering accounts there is no need to make that opinion, i think coinbase is taking advantage of the atmosphere where some countries are sanctioning russia and coinbase is getting into it.. looking at the pros and cons of the russian invasion of ukraine, coinbase took a risk, maybe some users will switch to another stock exchange..?

Russian citizens who have nothing to hide and do things legally do not have to be treated like this. I don't think those 25,000 accounts were laundering money, I think it was a blockade of any user with an IP from Russian ISPs. Fortunately, Coinbase is not the only exchange available, and more DEXes are appearing every day for users to work with. Every time I think about what Coinbase has done, I am reminded of the words of Kraken founder Jesse Powell.

All Russian citizens are now guilty of the fact that Russian soldiers staged a genocide in Ukraine: about a third of the civilian infrastructure has already been destroyed, the country is being purposefully destroyed economically, for no reason the invaders are mass shooting women and children. Putin does not do this, it is done by the husbands, brothers and fathers of those "innocents" who live quietly in Russia and support Putin's genocide in Ukraine by 84 percent. Therefore, such an action as blocking 25,000 accounts of Russians on the stock exchange is nothing compared to what Ukrainians are suffering now. The world community is forced to take economic measures so that "innocent people" in Russia wake up from Putin's zombification. There are simply no other ways than to hurt "innocent people" so that they themselves stop the officials they elect and give them power.

[Alichlas92]

if they want to block coinbase money laundering accounts there is no need to make that opinion, i think coinbase is taking advantage of the atmosphere where some countries are sanctioning russia and coinbase is getting into it.. looking at the pros and cons of the russian invasion of ukraine, coinbase took a risk, maybe some users will switch to another stock exchange..?

Russian citizens who have nothing to hide and do things legally do not have to be treated like this. I don't think those 25,000 accounts were laundering money, I think it was a blockade of any user with an IP from Russian ISPs. Fortunately, Coinbase is not the only exchange available, and more DEXes are appearing every day for users to work with. Every time I think about what Coinbase has done, I am reminded of the words of Kraken founder Jesse Powell.

All Russian citizens are now guilty of the fact that Russian soldiers staged a genocide in Ukraine: about a third of the civilian infrastructure has already been destroyed, the country is being purposefully destroyed economically, for no reason the invaders are mass shooting women and children. Putin does not do this, it is done by the husbands, brothers and fathers of those "innocents" who live quietly in Russia and support Putin's genocide in Ukraine by 84 percent. Therefore, such an action as blocking 25,000 accounts of Russians on the stock exchange is nothing compared to what Ukrainians are suffering now. The world community is forced to take economic measures so that "innocent people" in Russia wake up from Putin's zombification. There are simply no other ways than to hurt "innocent people" so that they themselves stop the officials they elect and give them power.

If you say all Russians I don't think it's correct.. those who are "innocent" are not all of the 25,000 addresses including those of their brothers, fathers or husbands.
So far I have seen that some of the world's people who have been forced to take economic measures have not had a bad impact on the Russian economy.
I think the whole business is left to Volodymyr Zelenskyy.
all of his current attitudes affect the security of the people of ukraine and the world.. if he stays in his current position, it will have an even more bad impact on the ukraine economy, currently to make up for the loss of the russian invasion of ukrainian reaching USD.6,962,090,000.00.

I and everyone uphold peace

[Alcor]

@Alichlas92. Could you be more specific about what views of the President of Ukraine Zelensky negatively affect the security of the people of Ukraine and the world. Why did Zelensky, who made a lot of efforts to repel Russia’s military aggression and ensure the defense security of Ukraine, suddenly begin to negatively influence the security of both Ukraine and the world?
Now Ukraine is inflicting a significant military defeat on Russia, and Zelensky has a certain merit in this. Therefore, as a Ukrainian and a resident of Ukraine, your vague thoughts are completely incomprehensible to me.
In my opinion, one should be indignant at the actions of the political leadership of Russia, which in the center of Europe was unleashed by aggressive military operations against a peaceful neighboring state. To defend yourself against such aggression is absolutely normal and legal.

[Speaker]

I think it is not entirely correct to delve further into the political component of the conflict....many exchanges have already announced sanctions to residents of Russia...although to tell the truth, the people are not directly to blame. Binance also announced sanctions.

[Freemind]

I think it is not entirely correct to delve further into the political component of the conflict....many exchanges have already announced sanctions to residents of Russia...although to tell the truth, the people are not directly to blame. Binance also announced sanctions.

I don't know exactly how many exchanges are doing the same thing, but if I know what the result will be, it's useless. Russian citizens will be able to trade anyway, because (among other things) DEXes exist, for anyone to use. Another thing I've been thinking about for a few days is that this list does not get bigger or smaller over time, which makes me suspect again that this was all planned in advance and that Coinbase has waited for the right moment.