Kraken cryptocurrency exchange has introduced restrictions for Russians. Users can no longer register on the platform with a location in Russia, RBC reported.

Kraken is one of the very first crypto exchanges, created in 2011. The platform ranks 7th among centralized crypto exchanges in terms of daily trading volume, as of October 20, it is $375 million.

Also, Russian users report that the platform has started sending out messages that due to the new European legislation, it is obliged to take measures to restrict their accounts. Withdrawing assets from the platform will be allowed.

In late February, the head of the company Jesse Powell wrote that the cryptocurrency exchange Kraken could not block the accounts of Russian clients without a legal requirement. He explained that this demand could come from either the Russian government or foreign authorities, such as the United States.

“Russians should be prepared for the fact that this demand could come and then it would be imminent …. if we were going to voluntarily block the accounts of residents of countries unjustly attacking and provoking violence around the world, the first priority would be to freeze all U.S. accounts,” Powell wrote.