JUST IN: Ukraine's Ministry of Digital Transformation is formally requesting that coinbase, binance, HuobiGlobal, kucoincom and several other exchanges block Russian users after an informal request made by FedorovMykhailo. iamsandali reports
Ukraine's Ministry of Digital Transformation wants crypto exchanges to block Russian users.
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, according to a list shared with CoinDesk.
The letters are being sent after Mykhailo Fedorov, Ukraine's vice prime minister and minister of digital transformation, on Sunday night asked all major crypto exchanges toGlobal crypto exchange Binance told CoinDesk 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
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