Switzerland Freezes the Cryptocurrency Belonging to Russians

The Financial Times reported that Switzerland announced an intention to freeze the crypto assets of Russian residents as part of EU sanctions due to an attack on Ukraine. Already 223 users have fallen under this measure of restraint.

Finding all of them is not so easy because not everyone keeps their assets in wallets on centralized crypto exchanges. Now the Swiss regulators are working with those who can be found on these resources.

Guy Parmelin, a member of the Swiss Federal Council, believes that this measure is necessary not only as a sanction and expression of a political position, but will also help to protect the integrity of the cryptosphere.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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