Technology

World’s biggest crypto exchange Binance says it will not block all Russian accounts despite Ukraine request

Binance said Monday it will block the accounts of Russian individuals who have been sanctioned, but will not “unilaterally” freeze the accounts of all Russian users. The comments come after Ukraine’s vice prime minister called on major cryptocurrency exchange to block all Russian user accounts. “We are not going to unilaterally freeze millions of innocent users’ accounts,” a spokesperson for Binance, the world’s biggest cryptocurrency exchange, told CNBC. “Crypto is meant to provide greater financial freedom for people across the globe. To unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists.”

Full story : World’s biggest crypto exchange Binance says it will not block all Russian accounts despite Ukraine request.

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