Kraken CEO Jesse Powell Kraken CEO Fires back at Ukraine’s request to freeze Russian crypto: ‘Step 1 would be to freeze all

Digital Market, a Ukrainian-born Digital Assets Company that works as an exchange to trade virtual items from any game on any platform connecting the entertainment industry with the global metaverse, has accepted the request.


Later, Kraken CEO Jesse Powell has responded to calls for his company to freeze the Crypto Assets of Russians amid its attack on Ukraine.


Ukraine’s Vice Prime Minister Mykhailo Fedorov publicly asked all major crypto exchanges to freeze accounts in a bid to further challenge Russia’s resources and stop the war.


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Yet, the prime supporter of one of the most well known crypto exchanging settings the U.S. has declined, clarifying his situation in a Twitter string. While he has "profound regard" for individuals of Ukraine, he said he accepts crypto ought to authorize independence, rather than nationalistic union to a country.



"Plus, in the event that we planned to willfully freeze monetary records of occupants of nations unfairly assaulting and inciting viciousness all over the planet, stage 1 is freeze all U.S. accounts," Powell composed on Twitter. "As a down to earth matter, that is not exactly a feasible business choice for us."


His remarks got inescapable help on Reddit's r/Cryptocurrency gathering.


"I'm a [sic] Russian and I was truly shattered when individuals proposed freezing our Crypto. We never needed war, Putin is the explanation we are enduring," one client composed on Reddit. "Down the roads we are additionally challenging this attack."


Also Read: Ukraine has received $37M in tracked crypto donations so far


Powell has said he will possibly freeze the records assuming he's legitimately expected to, a chance he accepts could be up and coming as Russian assaults keep on increasing.


Numerous Russians have effectively put resources into crypto, and the nation positions eighteenth internationally for reception.


The crypto exchange's stance was first reported by Reuters.


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