Mykhailo Fedorov, Vice Prime Minister of Ukraine, has asked crypto exchanges for the freezing of all Russian users’ Blockchain addresses in order to help Ukraine defend against Russian invasion.
Fedorov tweeted Sunday that he stressed the need to cut off crypto access to Russian politicians and Belarusian citizens. This follows a series of western allies’ sanctions against Russia, which include freezing assets of Russia’s four largest banks as well as reducing dependence on Russian oil exports. Putin had discussed the use of crypto to pay for “to transfer funds to one place from another” during international trade. This was in response to Canada’s financial restrictions that prohibit donations to freedom convoy protests. Self-custodial Bitcoin transactions made it to truckers safely, but any funds linked to exchanges were red flagged and frozen by court orders. Some in the crypto industry clearly chose one side in this conflict. One of the largest Ethereum mining pools stopped serving Russian users on Friday to support Ukraine. The Vice PM also supported DMarket’s recent decision to block accounts belonging to Russian and Belarusian users. Elon Musk and Mark Zuckerberg were also called upon by him to stop colonizing Mars and create the Metaverse to support Ukraine. He asked for the latter to ban Russian users from Instagram and Facebook.
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