Gopax, a South Korean cryptocurrency exchange, stated on Wednesday that Russian accounts and IP addresses have been suspended and blacklisted from its site.
The exchange has reportedly suspended roughly 20 accounts belonging to Russian consumers, according to local media.
In addition, Gopax claims that its limits are in line with the sanctions against Russia imposed by the US Office of Foreign Assets Control and the European Union.
Animoca Brands, based in Hong Kong, also announced on Friday that its services for Russian users have been discontinued.
However, not all crypto exchanges agree, with Binance and Kraken stating that individual user accounts will not be frozen on their systems.