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Binance Blacklisted by Russian Telecom Regulator Roskomnadzor

Published

4 years ago

September 26, 2020

Binance censored by Russian authorities
Binance to engage legal counsels for further advise
Binance says user’s funds ae safe

The Russian Telecom Regulator has added leading blockchain and ecosystem giant Binance to its list of blacklisted websites in the country.

The leading cryptocurrency exchange was reportedly blacklisted because its website included information about the sale and purchase of cryptocurrency such as bitcoin.

Binance revealed that it was previously not notified by the Russian government about any violations.

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

Binance also revealed user’s funds on the platform are safe and it is exploring legal actions to engage with the authorities.

”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.”

Meanwhile, users may still enjoy using Binance by accessing the website with virtual private network VPN services.

Few weeks ago, despite the general position of the country on cryptocurrency, Binance said it will launch its debit card in the country.

The Russian ministry of Finance (MinFin) has also some days ago revealed a drafted bill that will require every resident to declare their crypto wallets and failure to do so will warrant a punishment of upto 3 years in jail.

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