Crypto exchange CoinZoom suspending new Russia-based accounts

CoinZoom's CEO said Existing account holders in Russia won't be blocked although they will still be screened against sanctions lists, 

Crypto exchange CoinZoom suspending new Russia-based accounts

CoinZoom is pausing its acceptance of applications for new accounts within Russia amid the ongoing conflict in Ukraine, 

Self Lake city, Utah-based CoinZoom decided to suspend new accounts because it's unclear how customers would fund them now that many major payment firms are pulling out of Russia its CEO Todd Crosland told Reuters.

Russian account holders won't be blocked, though CoinZoom is screening them against sanctions lists

According to CoinMarketCap, CoinZoom is a relatively small exchange with approx $2 million in trading volume over the last 24 hours,

The news comes as many other giant global exchanges like Binance, Coinbase, and Kraken have declined to block new or existing Russian customers despite a request to do so from the Ukrainian government. 

Read: Ukraine's vice PM calling to freeze Russian users' accounts on crypto exchanges