According to EMCD CEO, politically motivated blocking of users contradicts the ethics of the blockchain community. 

EMCD Has No Plans to Limit Access to Russians

EMCD mining pool does not plan to block access to its service to users from the Russian Federation. This became known from the relevant press release sent to the editorial board of CoinsPaid Media.

The document cites the opinion of Michael Jerlis, the founder and head of EMCD, which points to the inexpediency of blocking accounts of ordinary users as a reaction to political actions. The entrepreneur also notes that politically motivated blocking of users goes against the ethics and principles of the blockchain community. 

EMCD is the largest mining pool in Eastern Europe, one of the ten largest pools globally, and provides 1.9% of the Bitcoin network’s total hash rate. 

Such a statement was caused by the policy pursued by many cryptocurrency companies towards Russian users after the start of the military operation on the territory of Ukraine. Among the major crypto exchanges that have already imposed restrictions are BTC-Alpha, KUNA, CEX IO and Qmall. 

Crypto exchanges Binance and EXMO adhere to a similar position to EMCD and do not plan to limit the work of Russian users. Jesse Powell, CEO of crypto exchange Kraken, said that the site does not plan to block Russian users but may take such measures if required by regulators.

Author: Mark Wallerstein