Dapper Labs allowing NFT withdrawals for users affected by EU sanctions

2022/10/18 08:47

Dapper Labs is now allowing users affected by the European Union's sanctions against Russia to withdraw their NBA Top Shot, NFL All Day and UFC Strike NFTs from their Dapper Wallet to a Blocto Wallet, according to an email sent to users and seen by The Block.
The company also notes that its prior action to restrict accounts related to Russia was the result of a directive from Circle, the large peer-to-peer payments technology company behind the stablecoin USDC, which acts as Dapper's payment processing and stored value service partner.
Dapper claims that it is "working to provide support to the maximum extent permitted by law as well as identifying solutions for account holders." One such solution is the construction of "alternative NFT custody solutions" to afford users the ability to move NFTs off of Dapper.

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