Coinbase, octopus and bony refuse to freeze Russian cryptoconts
Coinbase, octopus and bony refuse to freeze Russian cryptoconts
- Some of the largest cryptocurrency exchanges have refused to refuse Russian users access to their cryptos, as this violates the ethos of crypto.
- This happened after the Ukrainian Vice Prime Minister had requested a global exchange to refuse access to the Russians to force the hand of its guide Vladimir Putin.
cryptocurrency exchanges will not follow the call to Ukraine to refuse Russian users. Some of the largest stock exchanges, including Binance and Coinbase, rejected the call to banishers from their platforms, as this violates the ethos of cryptocurrencies.
The Ukraine Russia conflict has brought cryptocurrencies to the center. Ukraine has collected crypto funds from the global community and at the same time rewarded everyone with information about crypto wallet addresses that are connected to Russian politicians and oligarchs.
In its latest advance, the Ukrainian government urged that the global community denounces Russians. It began to ban addresses linked to politicians and to mark them as toxic. But then Vice Prime Minister Mykhailo Federov decided to drive it a little further.
The pronounced politician turned to Twitter to push the stock exchanges of completely banishing Russian users from their platforms. He claimed that it was important "not only to freeze the addresses associated with Russian and Belarusian politicians, but also to sabotage normal users".
I ask all major crypto exchanges to block addresses of Russian users.
It is crucial not only to freeze the addresses linked to Russian and Belarusian politicians, but also to sabotage normal users.
- Mykhailo Fedorov (@fedorovmykhailo) 27. February 2022
Such a step would refuse access to users regardless of whether they are against war or for Putin. This would be in accordance with other measures similar to a decision of the EU, the United Kingdom and the United States to throw Russian banks from the Swift transfer system, a decision that had extreme effects on Russian citizens, such as Z CNF
Read more: Russians stand at ATMs for US dollars, while hard sanctions and swift raids bite
crypto stands for freedom, say stock exchange
and while everyone else was on the side of Ukraine, the stock exchanges have decided to comment against the request of the Vice Prime Minister.
Coinbase is the last one to reject the request. A spokesman for the Californian Stock Exchange tells the company for economic freedom stand that would severely impair such a ban. However, it has recognized that it complies with all other existing sanctions.
The spokesman explained:
At this point, we will not impose a flat-rate ban on all coinbase transactions with Russian addresses. Instead, we will continue to implement all imposed sanctions, including the blocking of accounts and transactions in which sanctioned persons or organizations can be involved.
A similar point of view represented the world's largest stock exchange Binance. Speak with CNBC would be frozen.
The spokesman added:
crypto is said to offer people around the world more financial freedom. One -sidedly decide to prohibit people from accessing their crypto would contradict the reason why crypto exists.
Jesse Powell, the founder and CEO of octopus, confirmed via Twitter that it would also stand by his Russian users.
1/6 I understand the reasons for this request, but despite my deep respect for the Ukrainian people, @krakenfx cannot freeze the accounts of our Russian customers without legal obligation.
Russians should be aware that such a requirement could be imminent. #nyKnyc https://t.co/bmrrjzgf8n
- Jesse Powell (@jespow) 28. February 2022
kucoin CEO Johnny Lyu also said he was standing by Russian users and explained:
As a neutral platform, we will not freeze the accounts of users from any country without a legal obligation. And in this difficult time, measures that increase the voltage to impair rights of innocent people should not be promoted.
also read: Ukraine plans to expose crypto money exchanges of Russian and Belarusian politicians if the war intensified
Source: Crypto-news-flash.com
Kommentare (0)