U.S. Sanctions drive OpenSea to ban Cuban artists
NFTs were expected to boom this year. Sadly, the fervor that the industry started off with did not persist throughout the year. While this came as a blow to the industry, a few OpenSea artists had to deal with the abrupt blocking of the platform. As per recent reports, a whopping 30 artists as well as collectors were banned from OpenSea. All of them were from Cuba. Therefore, the latest ban was affirmed to be due to the sanctions imposed by the United States. It should be noted that the largest NFT firm is headquartered in New York. Speaking about the same, an OpenSea spokesperson reportedly said, “We comply with U.S. sanctions law. Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea.” The NFT platform even confirmed that Cuban artists weren’t the only ones facing a ban. OpenSea pointed out that artists and collectors from Venezuela, Iran as well as Syria were subject to this policy....