Russia blacklists Binance cryptocurrency exchange… Details here
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Answer Russia blacklists Binance cryptocurrency exchange… Details here
Binance is blacklisted in Russia.
Russia’s Federal Service for Communications, Information Technology and Media Supervision, or “Roskomnadzor,” added Binance to its list of blacklisted websites on June 2 and informed Binance that it was blacklisted on September 24.
According to Roskomnadzor, Binance was blacklisted because Binance contains information that has been banned from being distributed in Russia.
Says Gleb Kostarv, director of Binance in Russia, said the reason for this is that the Binance website includes information about buying and selling bitcoin.
Despite the blacklisting of Binance, Binance says it will continue to provide services to all Russian users and has consulted with legal professionals for more clarity on the matter.
Russia and digital currencies:
In early August, Vladimir Putin signed a bill that legally recognizes digital currencies as legal in Russia, but prohibits Russian citizens from buying goods and services with digital currencies.
Read:Bobby Lee: Bitcoin’s Success Never Depends on China
As for Binance’s blacklisting, according to Roman Yankovsky, a member of the Legal Support Committee for the Digital Economy of the Moscow Branch of the Russian Bar Association, the Prosecutor General’s Office usually refers to Paragraph 6 of Article 10 of the law which states that “it is prohibited to publish information … the publication of which provides for criminal or administrative liability.”
Although it is not clear how this relates to cryptocurrency, Jankowski commented:
This does not prevent the Attorney General’s Office, which is making demands for a ban on cryptocurrency sites, as sites are blocked on dozens of similar unclear topics.
Decisions are almost always applied in favor of the prosecutor’s office.
Since 2016, the Attorney General’s Office has announced ban requirements against at least one hundred websites that publish information about the sale of cryptocurrency.
It is not the first time that Binance has been blacklisted. In July, Malaysia added Binance to its list of unauthorized websites offering investment products to companies and individuals.
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