Ukraine's vice minister of digital transformation tells Axios that he's renewing his call for crypto companies to ban Russian users.
Photo illustration: Gabriella Turrisi/Axios. Photo: Yevhen Kotenko/ Ukrinform/Future Publishing via Getty ImagesUkraine's vice minister of digital transformation, Alex Bornyakov, tells Axios that he's renewing his call for crypto companies to ban Russian users.Ukraine's push for a Russian business ban has nothing to do with using crypto to skirt sanctions, and everything to do with cutting economic ties with his country's invader.
: Some crypto exchanges have resisted the move to restrict all Russian users, arguing it goes against the very decentralized concept that the digital currency is built upon."We believe that Russia uses taxpayer money to fund the war," he explains. "As long as the civilized world works with Russia, they will use the money to fund the war. Crypto companies should at least put a temporary ban on working with Russians.
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