The world’s largest NFT marketplace has confirmed that it blocks users based on the U.S. sanctions list.
U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space.
On Thursday morning, Iranian OpenSea users started posting on Twitter that their accounts were being deactivated or deleted with no prior warning. Iranian NFT artist “Bornosor” vented frustrations to their 4,700 followers, in a tweet that quickly gained traction, garnering 342 retweets and over a thousand likes within a few hours.
Bornosor stated, “NOT A gm AT ALL. Woke up to my @opensea trading account being deactivated/deleted without notice or any explanation.”
According to MetaMask’s Twitter account, Venezualan users were accidentally banned from accessing their MetaMask wallets, after blockchain development company Infura accidentally broadened the scope of its sanctions-related crackdowns.
This isn’t the first time the cryptocurrency industry has been involved in turmoil surrounding the intricacies of international sanctions – with multiple crypto exchanges embroiled in the debate around freezing Russian crypto assets. The world’s largest exchange, Binance, refused to block accounts for “innocent” Russian customers.