KRAKEN STOPS SERVICING RUSSIANS

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Rarible introduces new Web3 aggregation tools, Tether can be used at more than 20,000 ATMs in Brazil, and Kraken stops servicing Russian users.

Rarible introduces new Web3 aggregation tools

Ethereum-based NFT marketplace Rarible announced the upgrade to Rarible 2 on October 20. The upgraded marketplace will feature new aggregation tools to showcase NFTs from the Web3 space. Users will be able to purchase Ethereum-based digital assets from Rarible, OpenSea, LookRare, X2Y2, and Sudoswap.

Rarible has also introduced a mechanism where users can stake their native tokens RARI to earn rewards, which is presented as an incentive to boost user involvement in the ecosystem.

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Tether can now be used at more than 20,000 ATMs in Brazil

Tether announced an integration with SmartPay on October 20. SmartPay is an app that claims to offer easy-to-use payment solutions for those who are tired of “banking bureaucracies.”

With the new collaboration, the largest stablecoin by market capitalization will offer access to both financial services and a digital asset ecosystem in a country where more than 34 million adults do not use banks.

USDT, currently one of the most widely used cryptocurrencies in Brazil, can now be bought and sold at more than 24,000 ATMs in the country. The new collaboration will also offer SmartPay users the ability to receive and send USDT.

Tether tokens will be available for processing at ATMs in Brazil as of October 3.

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Kraken stops servicing Russian users

Kraken has become the latest crypto exchange to restrict Russian users from accessing their accounts to comply with the European Union’s sanctions against Russia.

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Kraken sent email notifications on October 19 to announce that it was stopping its services to Russian customers.

However, Kraken did not disclose whether it gave Russian investors time to withdraw their funds.

This means that Kraken has joined a growing number of global crypto exchanges and wallets that have stopped serving Russians in compliance with the latest EU sanctions against Russia, imposing restrictions on their Russian customers on the platform.

As previously reported, several crypto firms, including Blockchain.com, Crypto.com, and LocalBitcoins, have halted their services for Russian users.

Bitfinex, which used to oppose EU sanctions, also seems to have complied with them.

Previously OKX was blocked in Russia.

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