According to Sam Bankman-Fried, founder and CEO of FTX, the measures taken by crypto companies against illegal transactions originating in Russia are misrepresented and this is damaging the image of the industry.
The war between Russia and Ukraine has caused many global companies, including those operating in the field of payment technologies, to use their users in Russia. by blocking access concluded.
Cryptocurrency industry Binance, Kraken leading trading platforms such as decision not to impose sanctions altogether took.
The absence of a comprehensive sanction on cryptocurrency users in Russia To circumvent the sanctions imposed on Russia raised some concerns about its use.
Bankman-Fried raised these concerns during an event in Florida and said:
“This situation [endüstri adına] it was not good. Decisions are like was anti-regulation sounded like it, that’s what it sounds like. And I think this led to a major perception problem”
FTX, one of the largest cryptocurrency exchanges, offers to all its users in Russia who are sanctioned in order to prevent possible sanction violations. stopped serving.
While non-sanctioned Russian users continue to benefit from FTX’s services, Bankman-Fried commented on the issue. In talks with the US Department of the Treasury said they were.
According to Bankman-Fried, the real problem is that crypto companies has not decided to impose sanctions on all Russian users rather than the situation “how it is reflected” originates.