Crypto Exchanges Soon Could Be Forced to Block Russian Users - Kraken CEO
In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell. He was...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell.
He was replying to a recent request put forward by Ukrainian Deputy Prime Minister and Digital Transformation Minister Mykhailo Fedorov who called on the world’s major crypto exchanges to block Russian users from using their services....
Read More: Crypto Exchanges Soon Could Be Forced to Block Russian Users - Kraken CEO
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
UK sanctions three crypto exchanges tied to Russian illicit funds
The UK sanctioned crypto exchanges and payment processors, some of which were tied to thousands of Russian entities and the sancti...
Coinbase rolls out 10x spot leverage, but blocks US retail from it
Coinbase plans to introduce spot borrowing with up to 10x leverage, letting eligible traders borrow against collateral to buy cryp...
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activit...
Blockchain.com Seeks CFTC Approval for Prediction Markets, Crypto Derivatives
Blockchain.com is seeking regulatory approval to launch prediction markets and cryptocurrency derivatives trading in the United St...
Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT
Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to...
Blockchain.com seeks CFTC approval for prediction markets, crypto derivatives
Blockchain.com's CFTC approval pursuit could reshape US crypto markets, impacting regulatory dynamics and investor confidence amid...