Will Ukraine freeze Russian cryptocurrency accounts?

Wolfgang Schwan / Anadolu Agency via Getty Images Many major cryptocurrency exchanges put forth defiant statements this week when Ukraine asked them to freeze any accounts belonging to Russians, with some exchanges calling upon crypto’s history of libertarian ideals to back up their decisions.

Will other crypto exchanges freeze Russia's crypto assets?

While it’s yet to be seen whether other crypto exchanges opt to freeze Russia’s crypto assets, many crypto companies have been actively working to support Ukrainian refugees and soldiers. On Sunday, Binance launched the Ukraine Emergency Relief Fund to provide emergency relief through crypto crowdfunding.

Why is Ukraine's Vice Prime Minister asking crypto exchanges to block Russian accounts?

Ukraine's vice prime minister has called on crypto exchanges to block the accounts of Russian customers as the Russia-Ukraine crisis escalated over the weekend. "I'm asking all major crypto exchanges to block addresses of Russian users," Mykhailo Fedorov said on Twitter on Sunday.