Crypto Industry’s Sanctions Woes on Full Display in MetaMask’s Venezuela Hiccup

Employees work on computers at the ConsenSys office in Brooklyn on Thursday, March 29, 2018.

“Infura closely monitors changes to U.S. sanctions programs announced by the Office of Foreign Assets Control and narrowly tailors its internal controls to comply with the law,” a ConsenSys spokesperson told CoinDesk via email. “Currently, those regions are Iran, North Korea, Cuba, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine.”

“In changing some configurations as a result of the new sanctions directives from the United States and other jurisdictions, we mistakenly configured the settings more broadly than they needed to be,” Infura said Thursday in aInfra acknowledged the uproar, apologized for its “oversight” and said service had been restored to “inadvertently impacted regions,” though it did not name Venezuela.

“As a centralized entity, funded by investors like JPMorgan, infrastructure providers like Infura are subject to regulatory concerns,” Josh Neuroth, CEO of decentralized cloud services company Ankr said in a statement. “This over-reliance on centralized service providers goes against everything that Web 3 stands for and is meant to be – and represents a central point of failure that shouldn't exist in the first place.

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