cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home News

Jesse Powell Suggests Ukraine Could Freeze Russian Crypto Activity

ccLink by ccLink
February 28, 2022
in News
0
Jesse Powell Suggests Ukraine Could Freeze Russian Crypto Activity
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

By Mark Hunter

2 hours agoMon Feb 28 2022 12: 46: 12

Reading Time: 2 minutes

  • Kraken CEO Jesse Powell has responded to calls to freeze Russian crypto users’ accounts
  • Ukraine’s Vice President made the demand on Twitter last week
  • Powell said that without a court order this was not possible, but any country could issue such an order

Kraken founder and CEO Jesse Powell has hinted that the Ukraine government could force cryptocurrency exchanges to halt activity of Russian users in response to a request from Ukraine’s Vice Prime Minister Mykhailo Fedorov. Fedorov tweeted yesterday that he would like crypto exchanges to “block addresses of Russian users”, including those based in Belarus, to which Powell responded by saying that a court order was necessary to enact such a policy, but that such an order could come from any country, including Ukraine.

Powell Warns That Crypto Cannot be Seized Without Court Order

Fedorov’s request caused a stir in the cryptocurrency community, particularly his request to “sabotage ordinary users” alongside Russian and Belarusian politicians:

I’m asking all major crypto exchanges to block addresses of Russian users.

It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

— Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022

The response was telling, with many sympathising with Fedorov but informing him that his demands fly in the face of the cryptocurrency ideology:

Powell, who has courted controversy already on this topic recently by urging Canadians to take their crypto off exchanges lest it be seized by Canadian authorities, also informed Fedorov that this was simply not an option without a legal demand:

1/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people, @krakenfx 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. #NYKNYC https://t.co/bMRrJzgF8N

— Jesse Powell (@jespow) February 28, 2022

Powell said in his tweet thread that while it was not up to exchange operators to say who should and shouldn’t be allowed to use the platform, international courts did have banning powers. He added that any recognized government court issuing a court order to freeze crypto accounts of certain users would have to be adhered to, hinting that Ukraine themselves could issue an edict and, as long as the reasoning had a sound legal base, it would be followed. He even said that the U.S. could use the legal manoeuvre, if it had significant purpose, although he had another separate message for the U.S.:

6/6 Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all US accounts. As a practical matter, that’s not really a viable business option for us.
/🧵

— Jesse Powell (@jespow) February 28, 2022

Point made.

View Source

Did you like this post? Consider donating to us.

[crypto-donation-box]

Related articles

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

February 8, 2023
Is China Second Guessing Its Cryptocurrency Ban?

Is China Second Guessing Its Cryptocurrency Ban?

February 6, 2023
Tags: bitcoinJessepowell
Share76Tweet47

Related Posts

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

by ccLink
February 8, 2023
0

The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a...

Is China Second Guessing Its Cryptocurrency Ban?

Is China Second Guessing Its Cryptocurrency Ban?

by ccLink
February 6, 2023
0

A Missed Opportunity While China moves forward with its CBDC efforts, it still imposes a complete ban on all cryptocurrency-related...

South Korea Takes Major Step Toward Cryptocurrency Legalization with New Guidelines on Securities Tokens

South Korea Takes Major Step Toward Cryptocurrency Legalization with New Guidelines on Securities Tokens

by ccLink
February 6, 2023
0

Source: Allexxandarx/AdobeSouth Korea has taken a major step towards bringing crypto into the mainstream as the country’s main financial regulator...

Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts

Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts

by ccLink
February 6, 2023
0

Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and...

Op-ed: Why open interest and trading volume are so important in options trading

Op-ed: Why open interest and trading volume are so important in options trading

by ccLink
February 5, 2023
0

Op-ed: Why open interest and trading volume are so important in options trading Shane Neagle · 4 hours ago ·...

Load More
  • Trending
  • Comments
  • Latest

Bed Bath & Beyond: A Retail Revolution in Home Essentials!

February 2, 2023
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
You Are The Carbon They Want To Reduce

You Are The Carbon They Want To Reduce

April 11, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
Argo mined 168 BTC in January, accrued roughly $3.42M in revenue

Argo mined 168 BTC in January, accrued roughly $3.42M in revenue

February 8, 2023
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

February 8, 2023
BTC vs BTC miners: H.C. Wainwright analyst picks a side

BTC vs BTC miners: H.C. Wainwright analyst picks a side

February 8, 2023
How Bitcoin Ordinals Can Change The Future Of Mining

How Bitcoin Ordinals Can Change The Future Of Mining

February 7, 2023

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.