The FCA “warned” crypto ATM operators in the UK to “shut their machines down” or “face enforcement action”

The post Bitcoin ATMs Illegal in the UK, Regulator Says appeared first on Blockworks.

A Credit Suisse investment strategist says Bitcoin (BTC) will likely benefit from the current geopolitical turmoil. In a new analysis, Zoltan Pozsar says the world is witnessing a shift to a new monetary order centered around commodity-based currencies in the East. The strategist thinks the new monetary order will weaken the Euro/USD system and cause […]

The post Bitcoin (BTC) Will Benefit From War and Emerging Monetary Order, According to Credit Suisse Analyst appeared first on The Daily Hodl.

Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.

Part three of the “Bitcoin Is Not Democratic” series explores the building blocks necessary to construct a civilization that transcends politics.

As Bitcoin removes their means of creating money out of nothing, nation states will cease to be sovereigns in this crucial area of life.

Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.

As tensions in Ukraine lead to sanctions against Russia, some politicians have called for crypto exchanges to play a role in blocking the flow of funds to the former Soviet republic. Speaking in an interview with MSNBC, former first lady and presidential candidate Hillary Clinton said she was “disappointed” in “so-called crypto exchanges” for not […]

The post Crypto Industry Rejects Politicians Pushing Exchanges to Block Russian Users appeared first on Coin Bureau.

Bitcoin is up by about 15% from $38,000 to now $44,500 as Russia sanctions its own citizens in response to EU, US and UK sanctioning Russia. Russia’s invading president Vladimir...

The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’ accounts” while Kraken says it is “not really a viable business option for us.” […]

Ukraine is preparing letters to send to crypto exchanges in order to compel them to freeze their Russian accounts.

The post Ukraine to issue legal demands on crypto exchanges to freeze Russian accounts appeared first on The Block.

In light of the Ukraine crisis, major crypto exchange firms including Binance and Kraken have responded to the pleas to freeze Russian users’ crypto addresses.  Ukraine’s Plea to Crypto Exchange Firms On February 27, Mykhailo Federov – Vice Prime Minister of Ukraine took to Twitter to urge crypto exchanges to freeze the crypto addresses of Russians. The request came days after both U.S and EU decided to remove Russian banks out of SWIFT and freeze overseas assets of Russia’s Central Bank. 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. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Fedorov continued tweeting about firms freezing accounts of Russian and Belarusian users. One such startup, DMarket specializes in NFT and virtual in-game items in Metaverse was praised by Fedorov for the same.  Received breaking news. @dmarket, a platform for trading NFT & In-game Metaverse items, decided to freeze the accounts of users from the Russian Federation and Belarus. Funds from these accounts could be donated to the war effort. Nowadays Robin Hoods. Bravo. — Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022 Crypto Exchanges Response to Ukraine Jesse Powell, CEO of Kraken stated in response to Ukraine’s plea that although the sentiment is duly respected, they cannot block Russian users. Cryptocurrency exchange Binance also voiced similar opinions.  Early morning on February 28, Jesse Powell tweeted about declining the request set by Ukraine. However, he stated,  “Russians should be aware that such a requirement could be imminent.” 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 https://t.co/bMRrJzgF8N — Jesse Powell (@jespow) February 28, 2022 In the same thread, Jesse Powell also mentioned the objective of Kraken. According to Powell, Kraken FX wishes to bridge individual humans out of the legacy financial system and urge them to look forward to the crypto world.  “Where arbitrary lines on maps no longer matter, where they don’t worry about being caught in broad, indiscriminate wealth confiscation.” Although Binance stated that there are no plans of blocking user accounts, they do wish to take action against users blacklisted by the West. Binance also wants to minimize the impact on innocent users. Furthermore, Binance guarantees to comply with sanctions imposed by the international community. 

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Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continues to expend penalties imposed on Moscow over its military invasion of neighboring Ukraine. Medvedev Warns Persons and Entities From ‘Hostile’ Nations May Lose […]