Some large exchanges have said blanket bans on Russia-based addresses would unfairly hurt innocent Russians.
Highlights
- Binance, Kraken and Kraken have said they will comply with U.S.
- sanctions.
- Some exchanges say blanket bans on Russia-based addresses would unfairly hurt innocent Russians.
- Some experts say the focus on crypto as a platform for sanctions evasion is misguided.
- Still, the markets are not big enough to absorb sanctions-abating levels of currency, says Chainalysis’ co-head of public policy at Chainalysis.
- If the White House does impose broader sanctions across Russia, Binance and Kraken are signaling they’ll comply if sanctions are imposed.