Vice Prime Minister Mykhailo Fedorov has called for restrictions on all Russian crypto addresses in the past.
Mykhailo Fedorov, Vice Prime Minister of Ukraine, has redoubled calls to restrict crypto transactions to Russians, this time singling out Tether and Bitfinex.
Fedorov has previously called for blanket crypto restrictions that would affect ordinary Russians, which many in the community have rejected.
Multiple centralized exchanges have refused Fedorov’s requests.
Ukraine’s Vice Prime Minister and Minister of Digital Transformation, Mykhailo Fedorov, has called upon Tether and Bitfinex to cease transactions to and from Russian addresses.
More Calls for Transaction BansMykhailo Fedorov, the Vice Prime Minister of Ukraine, has once again called upon crypto platforms to block transactions to and from Russian users.
In his Tweet today, Fedorov specifically addressed the Twitter accounts of both Tether Limited, the Hong Kong-based company that issues the USDT stablecoin, and Paolo Ardoino, who is its CTO. Ardoino is also the CTO of cryptocurrency exchange Bitfinex. Fedorov wrote: “Today, the entire democratic world has united against Russia to punish the bloody invaders economically,” before imploring both companies “to stop any transactions with the Russians! For peace!”
Fedorov has repeatedly called for restrictive measures to be taken against all Russian crypto users on Twitter—including ordinary citizens and not limited to sanctioned individuals. Despite widespread international support for Ukraine, these calls have generally been met with negative sentiment from the crypto community and have been largely refused. Wrote one user: “[I’m] definitely with Ukraine and for peace but we don’t do that in #crypto.”
Kraken and Binance, for example, have refused such calls, barring intervention in the form of government-issued sanctions.
It remains to be seen how Bitfinex and Tether will respond. The relationship between the two companies is still not entirely clear, although they were found to be under the control of the “same small group of individuals” in an investigation by New York State Attorney General Letitia James in February of last year.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
NFT Express: Your on-ramp to the world of NFTs
At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…
Binance, Kraken Refuse Ukrainian Minister’s Request to Freeze Ru…
Feb. 28, 2022
Ukraine’s Vice Prime Minister Mykhailo Fedorov asked major crypto exchanges yesterday to freeze Russian accounts. Both Kraken and Binance have refused. Exchanges Resist Calls to Freeze Ordinary Russian Accounts Binance…
Ukrainian Government Endorses AidForUkraine DAO
Mar. 1, 2022
AidForUkraine, a decentralized autonomous organization that aims to support Ukraine’s defense efforts, has launched. It is backed by the Solana Foundation, the Everstake Pool (a staking platform focused on Proof-of-Stake…
Kraken CEO Warns Users to “Get Your Coins Out” of Centralized Exch…
Kraken CEO Jesse Powell has slammed the Canadian government’s decision to seize funds from its citizens’ bank accounts without due process. He revealed that Kraken would be forced to comply…
Leave a Reply