Market News | Crypto exchange Kraken will not freeze the accounts of Russian citizens

Despite my deep respect for the Ukrainian people, Kraken cannot freeze the accounts of our Russianclients without a legal requirement, but Russians should be aware that such a requirement may be unavoidable

— Company CEO Jesse Powell

Freezing demands may come from both the US and Russian governments.

Besides, if we were going voluntarilyto freeze the financial accounts of people in countries that unjustly attack and provoke violence around the world, the first step would be to freeze all US accounts. From a practical standpoint, this is not a very viable business option for us.

Earlier in the day, a representative of the cryptocurrencyBinance exchange explained that the company is not going to freeze the accounts of Russian users, as this is contrary to the concept of the cryptocurrency industry, but will study sanctions risks and the possibility of limiting the acceptance of payments from banks subject to sanctions.

Crypto exchange Kraken will not voluntarily freeze accounts of Russians (interfax.ru)