@Pavlik 1 March 2022

The administration of U.S. President Joe Biden called on cryptocurrency exchanges to ensure that Russian individuals and organizations under sanctions cannot use digital currencies to circumvent restrictions. Bloomberg writes about it. The White House National Security Council and the US Treasury have approached the largest cryptocurrency exchanges, in particular Binance, FTX and Coinbase, on this issue. A Binance representative said that the exchange does not plan to close access to the trading platform for all Russian users without exception, but the platform has already taken steps to identify individuals against whom sanctions have been imposed. FTX and Coinbase are also partnering with the US presidential administration, Bloomberg sources say. The head of the Kraken crypto exchange, Jesse Powell, said that the platform does not yet plan to block users from Russia, but it can do this if such a requirement comes from the US authorities or other countries. #btc #bitcoin #blockchain #ethereum #eth #cryptocurrency #business #binance #bitcoin #exchange