Applies to: Coinbase Prime clients with Vault wallets held with Coinbase Luxembourg S.A. (CBLU)
Effective May 24, 2026, Coinbase Luxembourg S.A. is required to comply with new EU restrictive measures that prohibit transactions involving Russian and Belarusian crypto-asset service providers (CASPs) under Council Regulation (EU) No 833/2014, as amended.
Inbound deposits: Deposits received from Russian or Belarusian crypto-asset service providers will be blocked. The assets will be removed from your withdrawable balance and transferred to a secure Coinbase-controlled holding account. You will receive an email notification if a deposit to your account is subject to this restriction.
Outbound withdrawals: Withdrawals to Russian or Belarusian crypto-asset service providers will be restricted. Depending on the type of restriction:
In some cases, the withdrawal amount will be placed on hold and transferred to a Coinbase-controlled holding account.
In other cases, the withdrawal will simply be rejected and your funds will remain fully accessible in your Vault wallet. You may initiate a withdrawal to a different destination.
You will receive an email notification explaining the specific outcome in your case.
Your compliant funds (any assets not associated with a flagged transaction) remain fully accessible and are not subject to this restriction.
To seek release of blocked funds: If assets have been transferred to a Coinbase-controlled holding account, you may seek authorization for their release from the Luxembourg Ministry of Finance (Ministère des Finances) or your relevant EU competent authority. We recommend consulting with your own legal or compliance counsel.
Questions? Contact your Account Manager or primeops@coinbase.com.