• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
Binance

Binance To Freeze Sanctioned Russians Accounts

Kashif (Dany) Saleem by Kashif (Dany) Saleem
2 years ago
in Crypto News
0

According to recent reports, the world’s biggest crypto exchange, Binance, targeted to block the Russian user accounts available on the sanctions list due to war.

The action took place after Ukraine’s vice prime minister requested the world’s crypto exchanges to impede the cryptocurrency accounts of Russia’s traders and political persons. As a result, Binance ultimately refused to restrict all the Russian crypto user accounts but assured to curb only those accounts on the sanctions list. 

Related Readings | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

A representative for Binance explained to Reuters;

We’re blocking accounts of those on the sanctions list (if they have Binance accounts) and ensuring that all sanctions are met in full.

Sanctions Against Russia

England, Europe, and America have imposed economic sanctions on Russian for starting attacks on Ukraine. United States President Joe Biden announced sweeping sanctions against Russian banks VEB and its military banks. Biden also announced comprehensive sanctions on sovereign debt. 

 In addition, interbank messaging networks and SWIFT international payment system, managing cross-border cash transactions, stopped Russian bank’s funds’ transfer facilities.

Mykhailo Fedorov, vice prime minister of Ukraine, requested on Twitter to the world’s top crypto exchanges to impede the digital currency accounts of Belarussian and Russian customers.  

He wrote on Twitter;

It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians but also to sabotage ordinary users.

Bitcoin Price
Bitcoin added around 10% to its value today | Source: BTC/USD chart on Tradingview.com

Crypto Exchanges Declining Ukraine Request

The leading crypto exchanges, particularly Binance and Kraken, both declined the request and declared that they would not apply sanctions on all accounts. However, Jesse Powel, CEO of Kraken crypto exchange, tweeted that the company “ cannot freeze the accounts of our Russian clients without a legal requirement to do so.”

KuCoin, another crypto exchange, also declared that it would not freeze the crypto accounts of innocent Russian users. 

Related Readings | Ukraine Is Better ‘Armed’ Than Russia In Crypto Adoption As War Breaks Out

Another representative of Reuters informed that Binance is not planning to freeze million faultless crypto account holders independently. The crypto market is a way to facilitate individuals worldwide with a self-managed economic environment.

After Russia attacks Ukraine, all the crypto exchanges are monitored due to the threat that Ukraine individuals can use digital currencies to avoid sanctions. Furthermore, cryptocurrencies, as things stand, look to be helping armed forces or Ukraine after the war because they have acquired millions of dollars in donations through crypto fundraisers.    

Crypto Exchanges Favoring Ukraine Request

Dmarket, a crypto exchange, announced through Twitter that it had stopped all the relations with Russia and Belarus because of an attack on Ukraine.

The company confirmed to have stopped Russian and Belarus customers registration with Dmarket and confirmed frozen accounts all the users belong to Russia and Belarus. 

              Featured image from Pixabay, Chart from TradingView.com

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Kashif (Dany) Saleem

Kashif (Dany) Saleem

Veteran crypto and finance writer & editor.

Related Posts

Crypto

JPMorgan CEO Condemns Crypto, Calls For Government Shutdown

13 hours ago
Binance AEUR Small

Binance Lists Small Cap ‘Euro-Pegged’ AEUR, But It All Ends In Disaster

18 hours ago
Terra Luna Do Kwon extradition

Terra Luna Founder Do Kwon Appeals Court’s Extradition Decision

23 hours ago
Crypto crash

Former SEC Exec Says Crypto Will All Come ‘Crashing Down’, Here’s Why

1 day ago
Crypto

Crypto Industry In The US Sets Sights On Record Lobbying Expenditure In 2023

2 days ago
FTX FTT Crypto News Sam Bankman Fried

Mystery Deepens In The Sam Bankman Fried Case: Silence Before Potential Appeal

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • How and where to buy Retik Finance (RETIK)?

    57 mins ago
  • Retik Finance (RETIK) has everything to be the hottest Defi...

    1 hour ago
  • As EOS and Celestia Investors Seek New Ventures, a Budding...

    2 hours ago
  • Missed Out on Dogecoin (DOGE)? Uncover the Must-Watch...

    2 hours ago
  • Bitcoin Blasts Towards $50K as This New Presale Eyes $500K

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.