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EU Regulations: Dapper Labs Blocks Russian Access To Its Blockchain
- Nicholas Say
- 2022-10-12
- 3320
- NFT
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Summary:Growing political tension between Russia and the EU has ruptured the country’s access to services, like Dapper Labs’ platform.
The increasingly busy political relationship between Russia and European Union countries (EU) has already destroyed the access of host countries to international services, such as the service platform of Dapper Labs.
In a recent article, Flow blockchain real estate developer Dapper Labs announced that the Russian account will be suspended immediately after the EU countries implement new sanctions against Russia.
According to this new countermeasure, Russian users only have connected wallets, general accounts and custody services.
Dapper Labs takes Russia seriously
Dapper Labs is the name behind Canada's famous new NFT projects CryptoKitties, NBA Top Shot and Blockchain Technology Flow. It has closed its Russian account to meet the needs of EU countries.
Russian users will not be able to purchase and sell digital collections on various software. Students' assets are also frozen.
let me put it another way,
"Nowadays, it is strictly forbidden to give crypto asset wallets, accounts or custody services of any significance to accounts associated with Russia, regardless of the amount of wallets."
According to Dapper Labs, this restriction applies not only to individuals with Russian passports, but also to individuals suspected of being associated with Russia. The system emphasizes that because its company is headquartered in EU countries, it must strictly implement sanctions.
However, the system showed that it did not permanently close such accounts.
NFT suffers from the influence of this countermeasure, and users can open the website and query the student's collection. In addition, regardless of the requirements of this new law, all NFTs previously purchased by affected users will still belong to the user.
Dapper Labs will launch the new NFT Marketplace in collaboration with La LIGA, the top Italian football match, at the end of October. The system will allow users to trade NFT consisting of small videos of Spanish league players and teams, as well as the crucial period of the Open in history.
Russia forbids data encryption trading
Following the restrictions proposed last week, EU countries announced that it is strictly prohibited to transfer and transfer assets from Russian cryptocurrency wallets, accounts and escrow service providers.
The latest action was to sign a document in Moscow to occupy four places in Ukraine, including Donetsk, Kherson, Lugansk and Zaporizzia.
Russian departments, myself and the government will not be able to provide or trade services, including information technology consulting, legal consulting services, code structure and technical consulting. Russian users cannot migrate all assets to EU countries, including cryptocurrencies.
Although Russia has historically resisted the application of BTC and other cryptocurrencies, the host country still chooses to apply the probability of encryption under some conditions. Paris will adopt the permission of the Ministry of Finance to use passwords in cross-border transactions.
At the same time of wide opening to the outside world to accept cross-border e-commerce cryptocurrency settlement, the Ministry of Finance and the Russian Central Bank have cooperated to release data dollars.
The hard work of Dapper Labs and the Tornado Cash case seem to illustrate the fact that popular selection cannot eliminate concentration. Shortly after the announcement, it was hard to avoid arguments.
Dapper has been strongly criticized for its innovative initiatives. Some of the data encryption streets themselves have given the challenge of curbing censorship. A Twitter account fabricated lies, and the Frozen Clean account represents an active verification of the industry, in order to curb the verification.
EIDumboTS, who said he was an employee of Dapper, replied that strict laws and regulations made the enterprise have no choice but to take action to comply with the sanctions.
EIDumboTS commented that,
"We are quickly learning about all the hazards of this sanction to our community. Naturally, we have sent a communication to our wider Dappe community for all affected Dapper wallet holders."
As long as the war is repeated, the sanctions against Russia will be repeated. EU countries and other parties must do everything possible to make Russia realize the process economic cost of its defense decision-making.
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