NewsBinance: We Will Not Block Russian Accounts

Binance: We Will Not Block Russian Accounts


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Binance announced on Monday that it would not “unilaterally” freeze the accounts of Russian users, which was requested by the Vice President of the Government of Ukraine.

“We are not going to unilaterally freeze millions of accounts of innocent users,” a spokesman for Binance, the world’s largest cryptocurrency exchange, told CNBC.

“Cryptos are designed to provide greater financial freedom to people around the world. To unilaterally decide to unilaterally decide to ban people’s access to their crypto would go against the reason why crypto exists.”

On Sunday, Mikhail Fedorov, Ukraine’s deputy prime minister, called on major exchanges to block the addresses of Russian users.

“It is important to freeze not only addresses linked to Russian and Belarusian politicians, but also to make it difficult for ordinary users,” Fedorov said in a tweet.

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