Bitfinex does not want to block Russian accounts
Several companies related to the world of cryptocurrencies are in favor of defending the rights of Russian citizens who are not sanctioned
The Bitfinex cryptocurrency exchange assured that it is not in favor of suspending the accounts of Russian citizens who are not sanctioned.
As with all our clients’ accounts, we work to ensure that there are no irregular movements or measures that may contravene applicable international sanctions,” said the company’s CEO, Paolo Ardoino.
The executive in turn added that the exchange has taken the necessary measures against those citizens who were sanctioned by the different organizations around the world.
Bitfinex alleges that freezing the assets of ordinary citizens is considered “unfair on a human level, since government actions cannot speak for individuals.”
“Our opinion is that the actions of a government do not necessarily represent the wishes of individuals. Unless the regulatory authorities by which we are governed tell us otherwise, we want to protect the accounts of all our clients”, Ardoino said.
Bitfinex is not the only cryptocurrency exchange that wants to continue to support ordinary Russians amid ongoing global geopolitical issues. Michael Carter, head of compliance at Bittrex, assuring that the company is committed to ensuring that it continues to comply with the requirements of the sanctions.
K. Tovar
Source: Cointelegraph
