Deputy Prime Minister of Ukraine is asking crypto exchanges to block Russian users
Deputy Prime Minister of Ukraine Mykhailo Fedorov has asked cryptocurrency exchanges to ban addresses of Russian users. Several big tech companies have already taken steps against Russian state media, and perhaps crypto entities will join the fight.
Russia’s invasion of Ukraine has resulted in a slew of bans and restrictions across multiple platforms. Deputy Prime Minister of Ukraine Mykhailo Fedorov has made another request for Ukraine’s support, namely the desire that major cryptocurrency exchanges block addresses of Russian users. This comes as the West imposes extensive financial sanctions on Russia, including banning it from the SWIFT payment system.
Fedorov tweeted on February 27 that it was important to freeze addresses not only of Russian and Belarusian politicians, but also of ordinary users. Fedorov also urged Apple to block the App Store in Russia and stop selling Apple products in the country.
The call is part of Ukraine’s concerted effort to unite the world against Russia’s aggressive actions.
This was spectacularly successful as big tech companies like Google and Facebook both ensured Russia was limited in their reach. Fedorov also called on Zuckerberg to ban access to Facebook and Instagram from Russia as tanks and missiles hit Ukrainian kindergartens and hospitals.
Facebook has restricted a number of state media accounts, including limitations on ad serving and monetization. Google has also taken a similar step. However, the Kraken CEO has said they cannot freeze accounts “unless required by law”.
Ukraine has received a lot of support from western countries and cryptocurrencies play an important role in this.
The SlowMist team reported that crypto donations to Ukraine totaled over $26 million. Other sources put the lower number at $16 million, but nonetheless, the cryptocurrency is proving successful in supporting the country.
The Ukrainian government accepts crypto donations in BTC, ETH, and USDT. More donations are expected as the war rages on.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
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Deputy Prime Minister of Ukraine is asking crypto exchanges to block Russian users
Deputy Prime Minister of Ukraine Mykhailo Fedorov has asked cryptocurrency exchanges to ban addresses of Russian users. Several big tech companies have already taken steps against Russian state media, and perhaps crypto entities will join the fight.
Russia’s invasion of Ukraine has resulted in a slew of bans and restrictions across multiple platforms. Deputy Prime Minister of Ukraine Mykhailo Fedorov has made another request for Ukraine’s support, namely the desire that major cryptocurrency exchanges block addresses of Russian users. This comes as the West imposes extensive financial sanctions on Russia, including banning it from the SWIFT payment system.
Fedorov tweeted on February 27 that it was important to freeze addresses not only of Russian and Belarusian politicians, but also of ordinary users. Fedorov also urged Apple to block the App Store in Russia and stop selling Apple products in the country.
The call is part of Ukraine’s concerted effort to unite the world against Russia’s aggressive actions.
This was spectacularly successful as big tech companies like Google and Facebook both ensured Russia was limited in their reach. Fedorov also called on Zuckerberg to ban access to Facebook and Instagram from Russia as tanks and missiles hit Ukrainian kindergartens and hospitals.
Facebook has restricted a number of state media accounts, including limitations on ad serving and monetization. Google has also taken a similar step. However, the Kraken CEO has said they cannot freeze accounts “unless required by law”.
Ukraine has received a lot of support from western countries and cryptocurrencies play an important role in this.
The SlowMist team reported that crypto donations to Ukraine totaled over $26 million. Other sources put the lower number at $16 million, but nonetheless, the cryptocurrency is proving successful in supporting the country.
The Ukrainian government accepts crypto donations in BTC, ETH, and USDT. More donations are expected as the war rages on.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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