1/6 I understand the rationale for this request but, despite my deep respect for the Ukrainian people, @krakenfx 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
Russians should be aware that such a requirement could be imminent. #NYKNYC
https://twitter.com/FedorovMykhailo/status/1497922588491792386
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.
It could come from foreign states, like the US, as a weapon to turn the Russian populace against its government's policies.
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.
4/6 Our mission at @krakenfx 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.
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.
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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