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    Crypto Exchange CoinZoom Suspends New Russia-Based Accounts

    CoinZoom, a cryptocurrency exchange, is suspending its acceptance of new accounts from Russia because of the ongoing conflict in Ukraine. Reuters reported Tuesday.

    Salt Lake City-based CoinZoom announced that it had suspended new accounts. It was unclear how customers would finance them now, as many major payment institutions are leaving Russia.

    Existing Russian account holders won’t be blocked, though CoinZoom is screening them against sanctions lists, according to Crosland.

    CoinZoom is a very small exchange with approximately $2 million in trading volume during the last 24 hours according CoinMarketCap.

    This news comes as other large global crypto exchanges like Binance, Coinbase, and Kraken have refused to block Russian customers, despite being requested by the Ukrainian government.

    CoinZoom didn’t immediately respond to CoinDesk’s request for comment.

     

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