Stock Groups

CEXs refuse blanket asset freeze of all Russian users, though questions linger -Breaking


Companies such as Binance, Coinbase (NASDAQ:) and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users.

A few days prior, Mykhailo Fedorov, Ukraine’s minister of digital transformation, had So called for “all major crypto exchanges to block [wallet] addresses of Russians” and “also to sabotage ordinary users [by freezing their assets].” In explaining why he was not preemptively banning all Russians (though, Coinbase is Not availableRussia: Brian Armstrong, Chief Executive Officer of Coinbase. Write: