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Russian Web Censor Blacklists Crypto Exchange Binance’s Domain

Russian-Web-Censor-Blacklists-Crypto-Exchange-Binance

Russian web censorship agency Roskomnadzor has added cryptocurrency exchange Binance to the list of blacklisted websites in the country.

Binance Russia is now prohibited to operate online because it provided its users with information on how to buy and sell Bitcoin (BTC), as mentioned on its official Telegram announcement.

Binance was blacklisted on June 2, however, the exchange became aware of this only recently, after getting communication from the said agency.

The exchange said on Telegram:

We were not previously notified of any claims by law enforcement agencies, civil government services, or courts prior to receiving the above notification.

Binance Russia director Gleb Kostarev informed followers on Facebook that the exchange had been caught publishing information about Bitcoin trading, which is apparently an offense in Russia. He also mentioned that they are “not sure whether [we] should cry or laugh.”

Russians Search Interest on Binance 30-Days  (Source: Google Trends)
Russians Search Interest on Binance 30-Days (Source: Google Trends)

Notably, Ingushetia, a Russian Federation republic located in the North Caucasus region, has the highest Binance exchange search interest in Russia, as per Google trends.

Local news agency RBK reported that the court has already approved Roskomnadzor’s action to block the website. Despite this speculative action, Binance’s plan to launch its cryptocurrency debit card in Russia remains untouched.

Roskomnadzor also blocked BestChange.ru, a major cryptocurrency website in Russia in late August. Overall, Binance is still the largest crypto exchange in the world with over 15 million users. Its trading volume for the last 24 hours is $2.26 billion.

Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.