Banned for promoting Bitcoin: Russia censor provides Binance – world’s largest crypto-exchange – to record of restricted web sites


Russia’s federal censor Roskomnadzor has added Binance, the world’s main cryptocurrency change, to its record of prohibited web sites. However, regardless of being banned, entry to the web site has, considerably oddly, not been stopped.

According to an announcement by the corporate, its addition to the record of restricted web sites is associated to the change of belongings like Bitcoin, the best-known cryptocurrency. 

Although it’s now a prohibited web site, Russians can nonetheless log in and commerce cryptocurrency with none points. According to Roskomnadzor’s official web site, it was listed on June 2nd, however “access is not limited.”

“We were not previously notified about the existence of any claims or court decisions by law enforcement, civil government services, or the judiciary,” the corporate’s assertion learn. “We are consulting with our legal specialists.”

Binance additionally assured Russian customers that their funds are secure and safe.

Also on Putin indicators legislation legalizing Bitcoin & different cryptocurrencies, lifting them out of Russian authorized ‘grey-zone’

Binance will not be the primary crypto-related web site to be added to the record of Roskomnadzor’s banned websites. Last month, the state censor blocked, a Russian-based comparability device, which acts as an aggregator for various exchanges.

This summer season, Russian President Vladimir Putin signed a legislation that will allow cryptocurrencies to be legally circulated in Russia. According to the brand new legislation, which is able to come into pressure in January 2021, Russian residents will legally be allowed to purchase and promote bitcoin, bringing cryptocurrencies out of a “grey zone.” However, the brand new legislation won’t give cryptocurrencies the official standing of authorized tender.

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