Home Latest News CEX Owners Refuse To Block all Russian Assets

CEX Owners Refuse To Block all Russian Assets

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As per the Western sanction, many companies are either blocking Russian Assets or canceling operations in their Russian branches. CEX owners may refuse to do that now, but if the move amps up, they may be forced to do it. This same thing happened with Iranian users.

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Coinbase, Kraken, and Binance have already said that they would not freeze the assets of all Russian users, but may target some specific users. Ukraine’s Digital Transformation Minister Mykhailo Fedorov has asked crypto exchanges to block these assets, but CEX owners have shut that down.

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As the Russian currency has experienced some troubles, cryptocurrency is the main lifeline for many people. However, if it is required by law, they would, of course, follow it.

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