[PRESS RELEASE – Please Read Disclaimer]
Maskex crypto exchange will not ban its wallets associated with Russia or the Russian Federation. After lengthy discussions inside the team, Masques could not stand the slackness and decided to make his point clear to the rest of the world.
Given the current situation around Ukraine, almost all regions react to sanctions and sanctions imposed against Russia. From this point of view, the expectations from crypto exchanges are not surprising at all, which is certainly a lot of pressure. And although MaskX is a relatively new but rapidly growing crypto exchange, it already has a large number of users in Russia and Ukraine, as it has employees representing these countries. Even if there are a few dozen users from these countries, it doesn’t count in the number of people.
What people expect from crypto exchanges these days: Block all wallets linked to Russia; prohibit the registration of new users who are citizens of Russia; Blocking or freezing the accounts of wealthy Russians.
Firstly, what is happening in Ukraine and other countries that have retreated to the war is absolutely unacceptable for the MaskX team. Employees believe in a future where an individual is the ultimate value, and crypto is one of the main components leading to this world. So it is unbearable that lives of innocent people are disrupted, homes destroyed, dreams destroyed. The global calamity caused by wars is humanity’s greatest sin and shame that will never be redeemed.
Then crypto exchanges constantly talk about the possibilities and benefits of cryptocurrencies: privacy and anonymity. From this point of view, banning people who were simply born or lived in a particular country would, at the very least, be a nomination for hypocrisy.
о Check all new registrations of Russian citizens. Cryptocurrency lives in a decentralized system with no third parties, where the actions and decisions of the individual do not depend on an intermediary such as banks. In the light of global sanctions, many people who have nothing to do with the outbreak of war suffer the consequences of politicians’ decisions.
He faced difficulties and decided to turn to Crypto for help. Wasn’t it crypto companies that told people they could insure themselves with crypto for cases of emergencies? On this path, the situation itself is a real test for crypto. This chapter in the history of crypto can be called “Bitcoin in the Time of Sanctions”. The cryptocurrency fell with the start of the war on 24 February and began to rise in parallel with earlier sanctions against Russia, indicating demand for it. These days, how cryptocurrencies behave will determine when the world reaches Web 3.
On the other hand, to say that crypto exchanges are decentralized and not to feel responsible for the illegal activities of customers means not to hold the hand of the executioner. But by what criteria should a company determine that these people do something illegal in the absence of a court decision or indisputable facts.
This crisis is a test for crypto exchanges and everyone individually: what a person is like, how they will behave as individuals and as a community. If the world does not regain consciousness, the bloodshed will not stop, intolerance will not be tolerated, humanity may reach WW3 instead of Web 3. Logic and prudence for the whole world.
About the Maskex
Maskex is an online cryptocurrency wallet, and the trading platform is highly focused on the privacy and security of the users. It offers smart, intuitive and innovative online trading. Founded in 2021 under the slogan “Your Wallet, Your Way”, the company’s vision is to play an essential role in a free economic system by providing financial anonymity and autonomy to the public.
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