South Korean Exchanges Block Russian IP Addresses
South Korean crypto exchanges have joined Switzerland in targeting Russian account holders by blocking Russian Internet Protocol addresses.
Exchanges Gopax, Upbit, Bithumb, Coinone, and Korbit have placed restrictions on Russian addresses, barred customers in high-risk money-laundering countries based on the South Korean Financial Action Task Force principles, and prevented Russian account holders from liquidating their crypto holdings.Upbit, the biggest exchange in South Korea with respect to transaction volume, said it would begin refusing withdrawals by Russian IP addresses.
