OpenSea, the world’s largest non-profit token (NFT) market, is blocking users whose countries are on the US sanctions list. This open action provoked protests by activists in this field. Following this move, discussions on decentralization have resumed.
According to the Kevin Telegraph, the US-based NFT opening market has begun the process of cutting off Iranian users’ access to the platform. The move angered activists in the field and sparked a new debate on decentralization in currencies and digital assets.
Read also: Disturbances in the NFT markets under the scrutiny of the US Securities and Exchange Commission
On Thursday morning, Iranian Open Twitter users announced that their accounts had been deactivated or deleted without warning. Bornosor, an Iranian artist with 4,700 followers on Twitter, expressed disappointment with the current tweet, which quickly received 378 retweets and more than 1,400 likes in a matter of hours.
Bornosur said in this regard:
I woke up and found that my trading account had been deactivated / deleted in the open without prior notice or explanation. Such reports are heard from other Iranian artists and collectors. Do you know what’s going on? Does Opensi block users based on their country?
A spokesman for OpenOnline said they have the right to block users under sanctions.
Our Terms and Conditions explicitly state that we may block restricted users or users residing in blocked areas. We do not in any way allow consumers or sanctioned persons and residents of sanctioned countries to use our services. If we find that users are violating our sanctions policy, we will take immediate action to block the accounts associated with them.
Current US sanctions show that US companies are not allowed to offer goods or services to consumers residing in embargoed countries, including Iran, North Korea, Syria and most recently Russia. OpenSystem is an American company based in New York.
Opensi’s recent move has revived discussions on the degree of decentralization of Chinese blockchain-based companies and service providers.
Hours ago, there were reports that the MetaMask wallet had also hit its users under the pretext of sanctions; But Metamsk officials later said the problem was due to a mistake made by one of Atrium Node’s service providers. Apparently due to this mistake, some Iranian and Venezuelan users have been denied access to Metamsk for some time.
Metamsk’s Twitter account posted a statement adding that users had been accidentally denied access to their Metamsk wallet and that the problem had already been resolved. This mistake came after Infura, a blockchain development company, accidentally and wrongly extended its sanctions.
Digital currencies and digital assets such as NFT continue to be increasingly monitored by the US government. As sanctions against Russia intensify, their oversight will increase.
OpenStation is the largest NFT market in the world and hosts NFT, which has sold more than $ 22 billion since its inception.
This is not the first time that the digital currency industry has struggled with the complexity of international sanctions. Numerous digital currency exchanges have joined the debate over the freezing of Russia’s digital assets. Of course, the world’s largest stock exchange Bainance refused to block the accounts of the Russians.
The OpenS publication blocks the access of Iranian users; We have no choice but to use decentralized platforms, which first appeared in Digital Currency.