Dapper Labs restricts the use of its services for Russian accounts due to EU sanctions policy

Chain Catcher news, Dapper Labs has stated that following the European Union's sanctions against Russia and Russian nationals, the company is restricting Russian accounts from using its payment services. Dapper Labs now prohibits providing any value in cryptocurrency asset wallets, accounts, or custodial services to accounts linked to Russia. However, Dapper has not closed these accounts.

Reportedly, affected users will be unable to buy, sell, or gift digital collectibles on platforms such as UFC Strike, NBA Top Shot, and NFL All Day. They will also be unable to withdraw funds from their Dapper accounts or use existing balances for purchases. However, users with Russian-linked accounts can still access and view their NFTs. (Decrypt)