Express
Ukraine Asks Binance, Coinbase and 6 Other Crypto Exchanges to Block Russian Users
Summary: According to coindesk, Ukraine's Ministry of Digital Transformation is sending official letters to eight cryptocurrency exchanges, requesting them to stop servicing Russian users because of concerns that digital currencies are being used to evade sanctions.The ministry is reaching out to Coinbase, Binance, Huobi, KuCoin, Bybit, Gate.io and Whitebit, along with Ukrainian exchange Kuna. Global crypto ...
According to coindesk, Ukraine's Ministry of Digital Transformation is sending official letters to eight cryptocurrency exchanges, requesting them to stop servicing Russian users because of concerns that digital currencies are being used to evade sanctions.The ministry is reaching out to Coinbase, Binance, Huobi, KuCoin, Bybit, Gate.io and Whitebit, along with Ukrainian exchange Kuna.
Global crypto exchange Binance said that it had no plans to unilaterally ban Russian users from the platform. "However, we are taking the steps necessary to ensure we take action against those that have had sanctions levied against them while minimizing impact to innocent users. Should the international community widen those sanctions further, we will apply those aggressively as well,” a Binance spokesperson said.
By Amy Liu
Tags: Binance,Crypto Exchanges,Russia,Ukraine
Link: Ukraine Asks Binance, Coinbase and 6 Other Crypto Exchanges to Block Russian Users [Copy]
