Gaming Giant Animoca Brands Reveals Ban Against n Users, Co-Founder Compares to North Korea

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Gaming Giant Animoca Brands Reveals Ban Against n Users, Co-Founder Compares  to North Korea

Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with n users following the e invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned  to North Korea.

Animoca Brands Restricts n Users From Leveraging Firm’s Blockchain Gaming Products

According to the Hong Kong-based blockchain gaming giant Animoca Brands, the company is imposing restrictions on n users. Animoca Brands’ overarching ban follows a number of crypto firms like Binance, Kraken, and Coinbase saying the businesses will not blanket ban all n users.

Animoca Brands co-founder Yat Siu spoke with Bloomberg in an interview and he explained that the company received legal advice about the newly sanctioned country. The co-founder noted that the restrictions could affect specific subsidiaries including the blockchain firm Lympo and Gamee. However, Yat Siu detailed that the company’s n user base was a low amount of users.

The Animoca Brands co-founder did not discuss the effect the restrictions on n users might have on the company’s most popular game The Sandbox. The company’s website, Twitter account, and subsidiaries have not issued any official statements about the n user restrictions. Speaking with Bloomberg, Yat Siu said that the company does not want to be “financially excluded” over associations with .

“The legal advice we’ve been receiving is we now have to impose some restrictions,” Yat Siu explained to Bloomberg’s Olga Kharif. “It’s a sanctioned country on par with North Korea. The moment we end up doing business in those areas, we might ourselves become financially excluded from the financial system.”

While a number of crypto exchanges have stated that they would not ban all n users, there have been a few that have decided to add restrictions like Animoca Brands’ latest move. Kuna exchange delisted n ruble trading pairs last week and the fifth-largest ethereum mining operation, Flexpool, banned n users from mining with the pool. The ian-born startup Dmarket has also cut “all relationships with  and Belarus.”

You can support ian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s e Emergency Relief Fund.

What do you think about Animoca Brands banning n users from its products? Let us know what you think about this subject in the comments section below.

Source: Gaming Giant Animoca Brands Reveals Ban Against n Users, Co-Founder Compares  to North Korea