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1/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people,

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. #NYKNYC

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Mykhailo Fedorov

@FedorovMykhailo

Ukraine government official

· Feb 27

I'm asking all major crypto exchanges to block addresses of Russian users. It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

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Jesse Powell

@jespow

2/6 That requirement could come from your own government, as we have seen in Canada, in response to protests, bank runs and attempts to flee the country. It could come from foreign states, like the US, as a weapon to turn the Russian populace against its government's policies.

1:48 AM · Feb 28, 2022Twitter Web App

Replying to

3/6 FWIW, I would guess that the vast majority of crypto holders on

@krakenfx

are anti-war. #Bitcoin is the embodiment of libertarian values, 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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4/6 Our mission at

is to bridge individual humans out of the legacy financial system and bring them in to the world of crypto, where arbitrary lines on maps no longer matter, where they don't have to worry about being caught in broad, indiscriminate wealth confiscation.

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Jesse Powell

@jespow

Feb 28

5/6 Sometimes the hardest thing about having power is knowing when not to use it. Our mission is better served by focusing on individual needs above those of any government or political faction. The People's Money is an exit strategy for humans, a weapon for peace, not for war.

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Jesse Powell

@jespow

Feb 28

6/6 Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all US accounts. As a practical matter, that's not really a viable business option for us. /🧵

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Replying to

So if u control business what's the different between bank and crypto market?? U r the people always promoting that its DEFI bsns nobody can involve....now it's becoming like bank...

Paul | Community Advisor

@manknownaspaul

Mar 1

Replying to

@jespow

thanks for letting us know

@krakenfx

serves the government, and not the people: that makes them the antithesis to freedom. love free speech. we get to know exactly where the enemy lies

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