Although the administration of Joe Biden is convinced that cryptocurrencies are not a substitute for the US dollar in Russia, yet they still seek to thwart any attempts to use cryptocurrencies to evade sanctions.
It should be noted that this weekend both the United States, the United Kingdom and the European Union, excluded most Russian banks from the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system. Ukraine had already asked exchanges to block Russian accounts
Ukraine’s deputy prime minister, Mykhailo Fedorov, said in the last few hours: “It is crucial to freeze not only addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.”
Jesse Powell, CEO of Kraken, pointed out that it was not possible to freeze the accounts of his Russian clients without a legal order. For his part, Binance told Fortune that he has no intention of honoring this request. “We are not going to unilaterally freeze the accounts of millions of innocent users.”
Source: Ambito
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