Genesis Vision Will Suspend Its Services

Genesis Vision, a blockchain-based private trust management market, is suspending its services, citing its deep ties with Russia. The company managed to work for several months, despite the harsh sanctions of Western governments against Russian business. However, the recent blocking of its corporate account by the cryptocurrency exchange Binance forced it to suspend service.

Now the company will forcibly close all funds and accounts on November 17 and withdraw all funds to users' wallets. The company emphasized that all funds are safe and available for withdrawal from the platform at any time without any restrictions.

However, the company is not going to completely close its doors. It is expected to resume operations as soon as possible. In particular, Genesis Vision is reorganizing its legal structure and products to be compliant again.

Image: Finance Magnates