web trading Binance Declares No Plans to Suspend Russian Crypto Assets Because it contradicts the key principles of financial freedom of cryptocurrencies. According to a spokesperson for the company
“We will not suspend millions of user accounts as Crypto exists to provide greater financial freedom for people all over the world.”
However, the spokesperson added that “If the international community Those sanctions were extended further. We will take those measures seriously as well.”
Some crypto executives believe that sanctions against Russia are ultimately inevitable, however, they should be targeted individually. As the US Office of Foreign Assets Control does.
“We think that sanctions will be inevitable, as US/OFAC has done in the past. However, banning all crypto companies from providing services to the Russians does not make sense. And it will do more harm to people’s daily lives than good.” Jukka Blomberg, Chief Marketing Officer at LocalBitcoins said
Kraken CEO Jesse Powell said Kraken would not be able to suspend accounts of Russian customers without legal requirements. “But the Russians should be aware that such a requirement may be imminent,” he added. Previously, Powell recommendKraken users move their crypto assets off the exchange By citing Canada’s Emergency Act that suspends crypto dissidents.
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