Post
Topic
Board Bitcoin Discussion
Re: Binance is refusing to block Russian customer's crypto wallets.
by
Ozero
on 05/03/2022, 06:56:28 UTC
Source: https://www.cnbc.com/2022/02/28/binance-will-not-block-russian-accounts-after-ukraine-request.html


Binance is refusing to lock account belonging to Russian customer's, what is your take on this? I believe that this might be a better move due to Russian Citizens that don't desire war still being able to move their Roubles to crypto for safe storage.
Cryptocurrency exchange Binance is doing the right thing so far. The request of the government of Ukraine is not a legal basis for blocking the cryptocurrency accounts of Russian citizens. After all, they can file lawsuits and the exchange will have to compensate them for the damage. But if such a decision is drawn up correctly and it will already come from the regulatory authorities at the place of registration of the exchange, then it will have to obey. Otherwise, she may be banned from working in the market.