Seychelles crypto exchange KuCoin has announced that it will not restrict Russian customers’ access to cryptocurrencies due to the situation in Ukraine.

According to KuCoin CEO Johnny Liu, the exchange will only suspend accounts at the request of the local regulator.

“We advocate for the protection of human rights and the security of every user’s assets. KuCoin operates according to the laws of Seychelles and uses customers’ digital assets only in accordance with them. We have a neutral policy, so we will not freeze anyone’s account without appropriate legal requirements. “Actions that may violate the rights of innocent people should not be encouraged during this difficult period,” he said.

Earlier, the senior executive of the trading platform said that cryptocurrencies are not just a hedging tool, they are currently more effective than traditional assets. It is easier for people to transfer and donate them between countries.

KuCoin customers can use the p2p platform and Quick Buy function to buy or sell cryptocurrencies for rubles. In the near future, the exchange will launch additional exchange channels for the ruble market.

As a reminder, KuCoin will redistribute 90 million KCS to investors and founders.