Crypto Platform Deribit Bars Russian Nationals Due to EU Sanctions

Deribit said that starting Feb. 17, Russian accounts will switch to “reduce-only” mode, and all positions will be forcibly closed by March 29, although withdrawals will remain open. Withdrawals to Remain Open Deribit, a cryptocurrency derivatives platform, announced Feb. 5 that European Union (EU) sanctions on Russia have forced it to exit the country…