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Ukraine Vice PM Asks Major Crypto Exchange to Stop Servicing Russian Customers

Amy Liu

Summary: Vice Prime Minister of Ukraine Mykhailo Fedorov has called on crypto exchanges to freeze all Russian users’ blockchain addresses to help Ukraine defend itself from Russia’s invasion. In a tweet on Sunday, Fedorov emphasized the importance of both cutting off crypto access to Russian and Belarusian politicians. The request follows a slew of sanctions against Russia ...

Vice Prime Minister of Ukraine Mykhailo Fedorov has called on crypto exchanges to freeze all Russian users’ blockchain addresses to help Ukraine defend itself from Russia’s invasion. In a tweet on Sunday, Fedorov emphasized the importance of both cutting off crypto access to Russian and Belarusian politicians.

The request follows a slew of sanctions against Russia from western allies, including freezing the assets of Russia’s four largest banks and reducing reliance on Russian oil exports. Crypto is going center stage in the conflict, providing a vehicle of financial support to Ukraine. 

By Amy Liu

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