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    Home » Crypto News » Bitcoin is the Embodiment of Libertarian Values, Argues Kraken CEO in Response to Ukraine Vice PM

    Bitcoin is the Embodiment of Libertarian Values, Argues Kraken CEO in Response to Ukraine Vice PM

    Author: George Georgiev

    Last Updated Feb 28, 2022 @ 08:33

    Kraken’s CEO, Jesse Powell, responded to the call of Ukraine’s Vice PM to block Russian customers.

    The CEO of Kraken, Jesse Powell, has responded to Mykhalio Fedorov – the Vice Prime Minister of Ukraine, who asked cryptocurrency exchanges to downright ban Russian users from their platforms.

    • As CryptoPotato reported yesterday, the Vice PM of Ukraine asked cryptocurrency exchanges to halt servicing Russian customers.
    • The CEO of Kraken – one of the most popular US-based crypto trading venues, took it to Twitter to issue his response.
    • Jesse Powell said that he understands “the rationale for this request but, despite my deep respect for the Ukrainian people, Kraken cannot freeze the accounts of our Russian clients without a legal requirement to do so. Russians should be aware that such a requirement could be imminent.”
    • He explained that said requirement could be instituted by their own government and gave an example of what happened in Canada.
    • However, Powell also touched upon the fact that many of the crypto holders on his exchange are likely to be anti-war.

    Bitcoin is the embodiment of libertarian valus, which strongly favor individualism and human rights. In Canada, crypto was the only financial rail left for those who opposed the regime.

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    Tags: Kraken Ukraine
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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