TechFlow news, on February 7, according to Russian news agency TASS, cryptocurrency derivatives exchange Deribit announced its exit from the Russian market due to European Union sanctions.
As Deribit's parent company is based in the Netherlands and must comply with EU sanctions regulations, it will no longer accept Russian citizens or residents as customers, except under special circumstances.
Special circumstances include cases where a Russian citizen also holds citizenship of a European Economic Area (EEA) member state or Switzerland, or permanently resides in an EEA member state or Switzerland. This policy does not apply to Russian corporate entities, and Russian citizens residing in the UAE are likewise unable to use Deribit services.
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