Ukraine to issue legal demands on crypto exchanges to freeze Russian accounts

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Ukraine to issue legal demands on crypto exchanges to freeze Russian accounts
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ICYMI: Ukraine to issue legal demands on crypto exchanges to freeze Russian accounts

Now, Ukraine is upping the pressure.

“We plan to make legal demands. We are preparing letters,” Yulia Parkhomenko, head of the virtual assets expert group at the Ministry of Digital Transformation of Ukraine, told The Block. When asked whether it was right to target Russian citizens — particularly with many opposing the war — Parkhomenko said, “This is a necessary measure. There is no way to identify who is financing the war and who is not.

While asking crypto exchanges to block Russian accounts, Ukraine has been adopting crypto for its own benefit. So far, it has received more than $9 million in crypto donations.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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