{"id":412198,"date":"2022-03-04T22:45:00","date_gmt":"2022-03-04T19:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cexs-refuse-blanket-asset-freeze-of-all-russian-users-though-questions-linger\/"},"modified":"2022-03-04T22:45:00","modified_gmt":"2022-03-04T19:45:00","slug":"cexs-refuse-blanket-asset-freeze-of-all-russian-users-though-questions-linger","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cexs-refuse-blanket-asset-freeze-of-all-russian-users-though-questions-linger\/","title":{"rendered":"# CEXs refuse blanket asset freeze of all Russian users, though questions linger"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ed25eb2fb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ed25eb2fb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cexs-refuse-blanket-asset-freeze-of-all-russian-users-though-questions-linger\/#%E2%80%9D_CEXs_refuse_blanket_asset_freeze_of_all_Russian_users_though_questions_linger_%E2%80%9C\" >&#8221; CEXs refuse blanket asset freeze of all Russian users, though questions linger &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CEXs_refuse_blanket_asset_freeze_of_all_Russian_users_though_questions_linger_%E2%80%9C\"><\/span>&#8221; CEXs refuse blanket asset freeze of all Russian users, though questions linger &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGJlOTE3NWUtYTA5OC00NDZlLTlkZDUtZDM0MjIyNzNlMmMyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Centralized exchanges (CEX) and CEOs from companies such as\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1499305766779592706\">Binance<\/a>, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions \u2014 not that of everyday Russian users.<\/p>\n<p>A few days prior, Mykhailo Fedorov, Ukraine\u2019s minister of digital transformation, had\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FedorovMykhailo\/status\/1497922588491792386\">called<\/a> for \u201call major crypto exchanges to block [wallet] addresses of Russians\u201d and \u201calso to sabotage ordinary users [by freezing their assets].\u201d In explaining why he was not preemptively banning all Russians (though, Coinbase is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/places\">not available<\/a> in Russia), Brian Armstrong, CEO of Coinbase, specifically <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1499622634367062016\">wrote<\/a>:\u00a0<\/p>\n<blockquote><p>\u201cWe believe everyone deserves access to basic financial services unless the law says otherwise. Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. Many of them likely oppose what their country is doing, and a ban would hurt them, too.\u201d<\/p><\/blockquote>\n<p>However, Armstrong also said that \u201cif the U.S. government decides to impose a ban, we will of course follow those laws.\u201d The sentiments of this statement were echoed by Kraken CEO Jesse Powell, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jespow\/status\/1498112741684363265?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1498112741684363265%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fnypost.com%2F2022%2F03%2F03%2Fceo-of-us-crypto-company-kraken-wont-freeze-russian-accounts%2F\">stated<\/a>:\u00a0<\/p>\n<blockquote><p>\u201cKraken cannot freeze the accounts of our Russian clients without a legal requirement to do so. Russians should be aware that such a requirement could be imminent.\u201d<\/p><\/blockquote>\n<p>Unsanctioned individuals <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be feeling the effects of sanctions even so. The day prior, Binance <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/crypto-exchange-binance-says-will-not-accept-cards-sanctioned-russian-banks-2022-03-03\/\">announced<\/a> that cardholders of sanctioned Russian banks would not be able to use them on its platform.\u00a0On Friday, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a>or u\/Sammy12xyz raised the issue Iranian crypto enthusiasts face amid calls for CEXs to crackd own on Russian customers, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/CryptoCurrency\/comments\/t6alo9\/to_everyone_worried_about_russian_accounts_its\/\">claiming<\/a>:\u00a0<\/p>\n<blockquote><p>\u201cIt\u2019s already happened to Iranian accounts. We\u2019ve been blocked out of Binance for two years, and no one\u2019s said shit. Are we not innocent?\u201d<\/p><\/blockquote>\n<p>Despite such sanctions, it appears there are several, albeit limited, ways to circumvent them. As one KuCoin moderator <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/kucoin\/comments\/mwf7hn\/kucoin_iranian_user_support\/\">wrote<\/a>:<\/p>\n<blockquote><p>\u201cUsers from Iran can use our exchange, but KYC [Know Your Customer] is not supported. If you wish to proceed without doing KYC, you may still perform all functions on our exchange as normal, even if you are not verified. However, there will be a withdrawal limit of 5 BTC per 24 hours for unverified accounts.\u201d<\/p><\/blockquote>\n<p>In addition, CEX bans on Iranian IP addresses can be allegedly bypassed with VPNs. Although one Iranian crypto enthusiast Cointelegraph spoke to claimed that cryptocurrencies such as Bitcoin (BTC) are needed in the first place to purchase VPNs in Iran, as such services do not accept fiat payments from Iranians due to sanctions.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cexs-refuse-blanket-asset-freeze-of-all-russian-users-though-questions-linger\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CEXs refuse blanket asset freeze of all Russian users, though questions linger &#8220; Centralized exchanges (CEX) and CEOs from companies such as\u00a0Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions \u2014 not that of everyday Russian users. A few days prior, Mykhailo&#8230;<\/p>\n","protected":false},"author":1,"featured_media":412199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNGJlOTE3NWUtYTA5OC00NDZlLTlkZDUtZDM0MjIyNzNlMmMyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74863,75917,70984,70934,4975],"class_list":["post-412198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-exchanges","tag-iran","tag-regulation","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=412198"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/412199"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=412198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=412198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=412198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}