Blockchain Gaming Big Animoca to Halt Servicing Russian Prospects

[ad_1]

Animoca Brands – one of the leading blockchain gaming companies – is reportedly planning to cut ties with Russian customers as a response to the country’s invasion of Ukraine.

  • Animoca Brands is undoubtedly one of the biggest players in the GameFi industry, participating in a majority of projects in the field.
  • In a press release from Bloomberg News, the company revealed that it’s cutting its service to Russian customers.
  • Somewhat expectedly, the move comes in response to the invasion of Ukraine.
  • Speaking on the matter was Yat Siu, co-founder at Animoca, who said:

The legal advice we’ve been receiving is we now have to impose some restrictions. 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 company will stop selling shares to any Russian Investors, in addition to blocking russian users.
  • The decision will also affect subsidiaries, including Lympo and Gamee.
  • However, the co-founder said that the number of Russian users isn’t that large enough to have a substantial impact on the results of the company.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Leave a Reply

Your email address will not be published.

You might like

© 2022 All in Cyrpto - WordPress Theme by WPEnjoy