OpenSea updates banned countries list sparking decentralization debate

2022/03/04 01:46

An OpenSea spokesperson said to Cointelegraph that it reserves the right to block users based on sanctions. “Our Terms of Service explicitly prohibit sanctioned users or users in sanctioned territories from using our services. We have a zero-tolerance policy for the use of our services by sanctioned individuals or entities and people located in sanctioned countries. If we find individuals to be in violation of our sanctions policy, we take swift action to ban the associated accounts.” The current U.S. sanctions outline that American companies are not allowed to provide goods or services to any user based in countries on the sanctions list, including Iran, North Korea, Syria, and now Russia. OpenSea is a U.S. company with its headquarters in New York. These actions from OpenSea have sparked fresh debate about whether large blockchain-based firms and services are adequately decentralized, with MetaMask joining in on enforcing sanction-based crackdowns.
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