Ukraine Wants Russians and Belarusians Cut Off from Crypto Exchanges

Cut Off from Crypto Exchanges

Ukrainian vice prime minister Mykhailo Fedorov has asked crypto exchanges to freeze accounts held by Russian and Belarusian users. 

Fedorov asked for a total sabotage of the addresses of the ordinary users on the exchanges following Moscow’s invasion of Ukraine. 

The minister lauded DMarket, an NFT platform, for freezing accounts of Russian and Belarusian users. 

Kraken CEO Jesse Powel says the requested action cannot be taken without a legal requirement. He still says the users in the targeted countries should be aware of the imminent action. 

The proposed move comes amid rising sanctions against Moscow, with the US and EU curtailing Russia’s access to the SWIFT system.

Ukraine has so far received at least $10 million in crypto donations in a bid to fight off invasion by Russia.

Source: Twitter

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