Russia’s Telecom Regulator Blacklists Binance Website

 

The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe

Authorities in Russia  appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced on its Russian Telegram channel that Russian telecom regulator Roskomnadzor has added the website to the register of platforms disseminating prohibited information.

According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies like Bitcoin (BTC). Gleb Kostarev, Binance’s head of operations for Russia and the CIS, told  that the exchange announced the news immediately after the exchange received a notification from Roskomnadzor.

Despite the domain being placed on the list of prohibited websites, Russians can still access it without any additional tools like a VPN. As of press time, the URL can be found on the official register of blacklisted sites of Roskomnadzor. According to the data, the website was listed on June 2, 2020, while the access to the website “is not limited.”

In the public announcement, Binance executives emphasized that they haven’t received any information about the restriction prior to Sept. 24, stating:“We were not previously notified of any claims by law enforcement agencies, civil government services or courts prior to receiving the above notification. We have now engaged our legal counsels for further advice and would like to assure all of our Russian users that there will be no disruption to their services in the interim and that their funds are safe.”

[image:pixabay]

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