Deputy Prime Minister of Ukraine: Digital currency exchanges must stop providing services to Russian consumers



Mikhail Fedorov, Deputy Prime Minister and Minister of Digital Transformation of Ukraine, called on world digital currency exchanges to block the accounts of Russian and Belarusian consumers. So far, Russian institutions and banks have been denied access to many international financial and payment instruments.

According to The Block, Fedorov made the request on February 27th (March 8th), after days of intense fighting in Ukraine following a Russian-led invasion of the country late last week.

Fedorov said:

I want all major digital currency exchanges to block the addresses of Russian consumers. It is important not only to turn to Russian and Belarusian politicians, but also to block the accounts of ordinary users who may be involved in malicious activity.

Jesse Powell, CEO of Kraken, one of the world’s largest digital exchanges, said today that such a move could not be made “without a legal obligation to do so”; But he added that Russian consumers should be aware that such an order is “not far from the goal”.

In his next tweet, Fedorov praised DMarket, a Ukrainian startup, for blocking the accounts of Russian and Belarusian users. Demarket also confirmed this on Twitter a few hours ago, saying the assets remain in users’ accounts; But their access is limited.

Fedorov’s request comes days after the United States and the European Union jointly removed some Russian banks from the SWIFT system and froze Russian central bank assets abroad.

The Russian ruble against the dollar fell to its lowest level in history this morning, raising concerns about the country’s banking crisis.

Meanwhile, bitcoins, Atrium and Tetra worth more than $ 18.9 million were donated to Ukraine on February 26 after a request for sponsorship of the official Twitter account.

The publication of the Deputy Prime Minister of Ukraine: Digital currency exchanges must stop providing services to Russian consumers appeared for the first time in the Digital Currency.

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