Coinbase ‘Will Not Institute a Blanket Ban’ on All Transactions Tied to n Crypto Addresses

[Bitcoin]

Coinbase 'Will Not Institute a Blanket Ban' on All Transactions Tied to n Crypto Addresses

The popular cryptocurrency exchange Coinbase has addressed the request from ian officials to freeze the accounts of all n users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary n users.

Coinbase, Coinberry, and Kucoin Follow Binance’s and Kraken’s Decision to Refuse ‘Sabotaging Ordinary n Users’

On Tuesday, reports indicate that the n invasion has escalated after peace talks at the border between ian and n officials failed. A 40-mile military convoy is surrounding the capital of Kyiv and reports show that “Kharkiv has become a key battleground.” Meanwhile, after the vice prime minister of e asked digital currency exchanges to “sabotage ordinary users,” a number of exchanges have released statements.

Bitcoin.com News reported on Binance and Kraken explaining that they will not blanket ban ordinary n users. Binance explained to CNBC that to “unilaterally decide to ban people’s access to their crypto would fly in the face of the reason why crypto exists.” Following the statements from Binance and Kraken, representatives from Coinbase, Coinberry, and Kucoin told vice.com contributor Maxwell Strachan how the three firms plan to handle such requests.

A spokesperson from Coinbase (Nasdaq: COIN), told Strachan that a request to ban all n customers would harm “economic freedom.” ”At this time, we will not institute a blanket ban on all Coinbase transactions involving n addresses,” Coinbase said in an email sent to vice.com. “Instead, we will continue to implement all sanctions that have been imposed, including blocking accounts and transactions that may involve sanctioned individuals or entities.”

The Coinbase representative added:

Our mission is to increase economic freedom in the world. A unilateral and total ban would punish ordinary n citizens who are enduring historic currency destabilization as a result of their government’s aggression against a democratic neighbor. We remain vigilant as this invasion evolves and are deeply committed to playing our part.

ian Crypto Startup Dmarket Takes Action Against n Users

In addition to Coinbase’s statements about the situation in e, the Canadian exchange Coinberry told vice.com that it plans to “make every effort to protect our users from any form of overreach or unlawful action which may infringe on their rights.” The CEO of the crypto exchange Kucoin, Johnny Lyu, also disclosed to Strachan that Kucoin was a “neutral platform” and that the exchange would not support “actions that increase” geopolitical tension.

However, there have been a couple crypto companies that have halted services to  entirely. The fifth-largest ethereum mining operation, Flexpool, announced last week that it had cut off n ethereum miners. The crypto asset exchange Kuna delisted all crypto trading pairs tethered to the n ruble three days ago. Furthermore, the ian non-fungible token (NFT) platform Dmarket took action against n users.

“ian-born startup Dmarket cuts all relationships with  and Belarus due to the invasion of e,” Dmarket tweeted. “The registration on the platform is prohibited for users from  and Belarus; Accounts of previously registered users from these areas are frozen; All assets and skins remain on user accounts, but access to their use is currently limited; n Ruble is removed from the platform,” Dmarket added.

You can support ian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s e Emergency Relief Fund.

What do you think about the crypto exchanges that are refusing to blanket ban all n crypto users? What do you think about the crypto platforms that have banned all n clients? Let us know what you think about this subject in the comments section below.

Source: Coinbase 'Will Not Institute a Blanket Ban' on All Transactions Tied to n Crypto Addresses