Hong Kong-based Animoca Brands, a blockchain gaming unicorn, has halted its services in Russia to comply with sanctions placed against the country over its invasion of Ukraine, Forkast reported.
The move is part of a wide-ranging retreat of firms from Russia amid broad international condemnation of president Vladimir Putin’s decision to wage war in Ukraine. Animoca’s move makes the company stand out among major crypto firms like Binance and Kraken, which have continued to serve Russian users.
Animoca units Gamee and Lympo will stop catering its services to Russia, though the number of its customers in the country is not significant enough to affect the company’s bottom line.
Lympo has already hit the brakes on publishing NFTs of Russian athletes and stopped all ongoing talks around the deal. Animoca will also stop selling its shares to Russian investors.
See also: Inside the tsunami of NFTs in India
Editing by Samreen Ahmad and Arpit Nayak
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