- Accounts affiliated to OpenSea users with Iran-based IP addresses were ceased in face of escalating discussions regarding global sanctions and Russia’s invasion of Ukrainian land.
- As stress is getting heavier on giant crypto exchanges like Binance, Coinbase, and Kraken to prohibit access to their platforms to all entities associated with Russia.
- Not just the crypto exchanges are influenced by this problem, NFT mammoth marketplace, OpenSea in US, had to answer with changes to virtual assets.
Iranian Folks Ceased
As per several accounts from artists and collectors who lately were unable to get accessibility to the service, OpenSea commenced banning Iran-based users. Several dissatisfied traders turned to Twitter to open up regarding their resentment over shocking measures.
An OpenSea spokesperson validated that it indeed banned users affiliated to sanctioned territories. The representative states that, OpenSea restricts folks and regions on US sanction list from accessing the facilities — involving selling transferring and acquiring NFTs on the platform.
Additionally, he stated that OpenSea has a zero-tolerance policy for sanctioned entities and folks, and the ones residing in sanctioned countries.
Error 404 Page Not Found
The pressure on crypto exchanges has escalated. The US Treasury Department and White House’s National Security Council published an order this week to major digital asset exchanges.
As per the directive, the Biden administration has asked virtual asset exchanges for assurity that Russians must not utilize crypto assets as a way to escape.
In respect to OpenSea, the over 5 Iran-based users on OpenSea were cut-off reportedly, 3 of which addressed that they made use of the service while staying in the nation.
Venezuela On the Radar Too
An Iran-based OpenSea user, also reported an “Error 404” when attempting to step into the marketplace. Another user complained that their validated account was banned without any cause.
Meanwhile, Infure, a development tool, which assists in making dApps, such as games and trading platforms, got banned in Venezuela.
As a result, one of the most well-liked wallet interface tools for folks to link with those apps, has become worthless.
MetaMask indirectly validated the ban in a blog post, giving stress on how users in particular sanctioned regions may receive error messages while making efforts for accessibility in their wallet.