Easy why not a ban completely. Are you concerned perhaps that all the users that you ban may gravitate towards your smaller
rivals perhaps. No I just think it's not our decision to make to to freeze user
accounts et cetera. So for me that was Facebook has not been rushing users. Google has not blocked off Russia. Central United
States have not done that. So we just follow rules. We don't make them.
And I also chose for my ethical point of view. Many of Russia's do not support this war. So I think we should we should separate
the politicians to the normal people. But it's easy if you don't go a step further and you worry that this explicitly puts crypto
on the wrong side of the law and on the wrong side of international norms. I mean morally is you know.
Are you comfortable with your position. We are following the position supported by governments all around the world including
the U.N.. We again we do not make the sanction rules. They are organizations who make those rules. We follow them. So we are
doing exactly what what what what what their recommendations are. Are you see sanctioned oligarchs trading on your platform.
We know that you can buy or sell online and you anonymously. No banner banners. Dot com is a slogan KYC platform. So you've
there's there's many smaller exchanges critical exchanges that do not have a full KYC checker but by binational have that
combined as everyone else has to go through a mandatory KYC and there's no way to to to avoid that. So we we we do a full KYC
and there's not a. I do not know of any ways for people to get around that.
Have you frozen anyone yet. Have you frozen any account yet. To be honest. I'm not sure exactly how many we've frozen or not.
We have. We have a very experienced compliance team that come from traditional
law enforcement and compliance backgrounds. They're extremely good. You know how we're leading experts in this field working
our team. Many of my ex law enforcements from other top top law enforcement agencies all around the world. So I would
imagine that we they there probably are some funds that's frozen etc.. But I don't know the girls but we feel we have experts
falling following this process is very very strictly CAC. Can you give us a sense of the number of flows or outflows
out of Russia since the sanctions were imposed on Saturday. And again if you don't go a step further or do you think you'll be
more regulated by regulators who see still crypto as a bit of a dodgy way of moving money around. So I think this is not a
crypto specific issue. The essential supply to banks and crypto at the same time we're following the same rules. So that's
that's why we're following. So banks are following exactly the same sanction list as we follow. So this is not a specific thing
business yet. We are falling. We are falling. Exactly. The resources faddish by the regulators. So yes. So I don't see this
as crypto specific issue. We know that Ukraine wants a complete ban. What are you hearing
from the Biden administration. What kind of conversations are you having right now. What are they asking you to do.
So yes we asked. So we are we are sort of we are trying to get accurate information you know as timely manner as possible. And
we follow all those recommendations. And so we are again we are following the rules established by governments all around the
world. And so there is no for us to decide to unilaterally freeze some
Russian citizens bank accounts. That's not on the list. So and also unilaterally doing that as a platform doesn't enable offers
the most vulnerable groups of people that have very little impact on international affair. And if we just move those users
to our two other two other smaller platforms that are less compliant and may not even have mandatory KYC
easy at the same time. We're getting quite a lot of your comments. This is mainly traders saying we're not allowed to
trade Russian stocks. So you as an entity you're still doing business with. Russia is not fat against sanctions and a lot of
people are ready at the moment. So we thank our viewers. You know they want to ask a question is there a rule for crypto
another for regulate the traders that you're doing business with Russia but they're not.
Well so the the banks follow the same sanctions laws just because certain banks. Just because there's a restaurant you
don't know in London or U.K. or in New York does those restaurants may still be servicing Russian citizens. And I don't
think that's anything wrong per say. But just because they restaurants in New York he may not service a lot of Russian
citizens doesn't mean that they are different in principle. So different different sort of business. Jill are location driven
sort of business are not. Most banks are limited to one country but banks do. Banks do handle international transfers. And right
now I believe most banks follow the sanction list as we do.