The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’ accounts” while Kraken says it is “not really a viable business option for us.” […]

The Russian market is supposedly Binance’s second-largest market behind Turkey. Leaving Russia might be terrible for major global exchanges like

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Mykhailo Fedorov, vice prime minister and minister of digital transformation of Ukraine, has called on crypto exchanges to freeze the accounts of both Russian and Belarusian users. Fedorov had tweeted asking crypto exchanges to ban Russian accounts on February 27, following several days of intense fighting in Ukraine after Russian forces invaded the country late […]