Kraken's CEO said that cryptocurrency exchanges do not freeze accounts belonging to Russians.

Mykhailo Fedorov, Deputy Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, has asked cryptocurrency exchanges to freeze accounts belonging to Russians. Fedorov said.

"It is crucial to freeze not only addresses associated with Russian and Belarusian politicians, but also those of ordinary users."

However, Kraken CEO Jesse Powell stressed that the exchange will not freeze Russian-owned accounts at this time. Powell He said;

"I understand the logic of this request, but while I have deep respect for the people of Ukraine, Kraken cannot freeze the accounts of our Russian customers without a legal requirement to do so. Russians should be aware that such a demand may be imminent.

Powell noted that the situation may change over time if the conditions for freezing user accounts are met. He added that.

"Our mission at Kraken is to take individuals out of the traditional financial system and bring them into the world of cryptocurrency, where arbitrary lines on the map no longer matter and they don't have to worry about being captured widely and indiscriminately. Confiscation of wealth".

Powell added that Kraken's mission is best achieved by focusing on the needs of individuals rather than the needs of any government or political faction. People's money is a strategy for human removal, a weapon of peace, not war. He added.

"Moreover, if we were to voluntarily freeze the financial accounts of residents of countries that unfairly attack and provoke violence around the world, the first step would be to freeze all U.S. accounts. In reality, that's not really a viable business option for us."

While Kraken has not yet approved the freezing of Russian accounts, Ukrainian-born digital asset company Dmarket has frozen Russian-owned accounts on its platform.