March 28, 2024

Roskomnadzor blocks Binance exchange

Roskomnadzor blocks Binance exchange

Federal Service for Supervision of Communications, Information Technologies and Mass Communications(Roskomnadzor) threatens the largest cryptocurrency platform Binance with a blockage for the dissemination of prohibited information about digital assets.

The largest crypto exchange in terms of trading volumesreceived a letter from the department about adding the site https://www.binance.com to the register of domain names containing information prohibited for distribution in Russia. 

As the company notes, it was not previously notified ofviolation of Russian law. No court orders, claims or orders were sent to the platform from any law enforcement or government agency. Therefore, the letter from Goskomnadzor came as an unexpected "surprise" for the Binance team.

The company provides legal advice forresolve this issue and clarify the situation. The platform's press service states that it continues to serve users from Russia and will report on developments in the situation. 

After the President of the Russian Federation signed the law on“Digital financial assets”, Roskomnadzor continues to block the operation of Internet resources related to cryptocurrency, without waiting for the document to come into force.

At the end of August, for the third time, the agency blocked the Bestchange.ru, a popular cryptocurrency exchange monitoring site in Russia.

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