Blockchain gaming giant animocabrands will halt services to Russian users amid the war in Ukraine, Bloomberg reported. By egreechee
The Animoca Brands team in Hong Kong
Blockchain gaming giant Animoca Brands will halt services to Russian users amid the war in Ukraine, BloombergIn doing so, the Hong Kong firm is breaking with major crypto firms, many of whom have kept providing services to Russian users amid the security crisis. “The legal advice we’ve been receiving is we now have to impose some restrictions,” Animoca co-founder and Chairman Yat Siu told Bloomberg in an interview. He added that “It’s a sanctioned country on par with North Korea. The moment we end up doing business in those areas, we might ourselves become financially excluded from the financial system.”
The decision will apply to subsidiaries such as Gamee and Lympo, but it won't have any material impact on the company's performance because it doesn't have many users in Russia, Siu said, according to Bloomberg.
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