Crypto Exchanges Refuse to Freeze All Russian Accounts

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Crypto Exchanges Refuse to Freeze All Russian Accounts

In a tweet, Vice Prime Minister of Ukraine Mykhailo Fedorov publicly asked the world’s major crypto exchanges over the weekend to freeze all accounts of the Russian people, as well as the people of Belarus, a Putin ally, rather than only those entities who have been legally sanctioned, thereby placing additional domestic pressure on Russia to end its war on Ukraine.

”At this time, we will not institute a blanket ban on all Coinbase transactions involving Russian addresses. Instead, we will continue to implement all sanctions that have been imposed, including blocking accounts and transactions that may involve sanctioned individuals or entities,” the spokesperson said in an emailed statement. “Our mission is to increase economic freedom in the world. A unilateral and total ban would punish ordinary Russian citizens who are enduring historic currency destabilization as a result of their government’s aggression against a democratic neighbor. We remain vigilant as this invasion evolves and are deeply committed to playing our part.”

[Via]

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