Mykhailo Fedorov, vice prime minister and minister of digital transformation of Ukraine has asked crypto exchanges to freeze the accounts of both Russian and Belarusian users.
<h2>Ukraine Wants Crypto Crackdown on Russians</h2>
On Feb. 27, Mykhailo Fedorov tweeted asking crypto exchanges to ban Russian and Belarusian accounts including not only of politicians but also of ordinary users.

https://twitter.com/FedorovMykhailo/status/1497922588491792386

The proposal comes after a series of sanctions imposed by Western allies on Russia, including the exclusion of the SWIFT payment system, the international payments messaging system, in addition to freezing the overseas assets of Russia’s central bank.

However, Jesse Powell, the CEO of Kraken, one of the world’s largest exchanges, has said that it cannot freeze the account 'without a legal requirement to do so.' However, he did hint that this could change in the future by saying that 'Russians should be aware that such a requirement could be imminent.'

https://twitter.com/jespow/status/1498112741684363265
<h2><strong>Ukrainian NFT Platform Cuts Off Russian Users</strong></h2>
In a later tweet, Fedorov praised a move by NFT and Metaverse platform DMarket to freeze accounts belonging to customers in Russia and Belarus.
<blockquote><em>“Funds from these accounts could be donated to the war effort,” </em>he added.</blockquote>
DMarket had confirmed, a few hours earlier, that registration on the platform is prohibited for users from Russia and Belarus. In addition, accounts of previously registered users from these countries are frozen.

https://twitter.com/dmarket/status/1497952451726565383

Ukraine Vice PM Urges Crypto Exchanges to Freeze Russian Accounts

Mykhailo Fedorov, vice prime minister of Ukraine has asked crypto exchanges to freeze the accounts of both Russian and Belarusian users.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Ukraine Vice PM Urges Crypto Exchanges to Freeze Russian Accounts

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