WATCH: KunaExchange founder ChobanianMike claims binance is working with the Russian government instead of helping Ukraine. HeleneBraunn reports
Chobanian, who is also the president of the Blockchain Association of Ukraine, appeared before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thursday for a hearing on"The Role of Digital Assets in Illicit Finance." During that hearing, he accused Binance of not taking an aggressive enough stance against the Russian government.
"The first thing we did as a crypto community in Ukraine was to shut down all ruble operations because that was a big hole in the sanctions list. … Unfortunately, not all crypto companies followed our lead, mainly Binance," he said during the. He added that crypto may be a useful lifeline for Russians who oppose the war and are trying to leave their country.
"The only way for them to exist outside of Russia right now is crypto, probably. Obviously, not being able to buy a house or a car, but at least you can survive," he said.in February. Binance said then it would send the money to Ukrainian intergovernmental and nongovernmental organizations for humanitarian relief.
"They said that they donated $10 million to the Ukrainian government. Well, I haven't seen that $10 million. No one knows where that went," he said. Binance has so far donated $2.5 million worth of BUSD and $401,566 worth of Binance Coin , according to transaction details on itsThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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