Raskomnadzor bans cryptocurrency website Binance

According to the latest news, the website of the Binance is still available without additional access tools. Platform says crypto funds are not risky.

Authorities in Russia appear to be going after Binance, which is the world’s largest cryptocurrency exchange. Significantly, Binance is now in the list of prohibited websites in the country.

On Thursday, September 24 cryptocurrency exchange website reported on its Russian Telegram Channel that Russian telecom regulator Taskomnadzor had added the site to the register of platforms advertising banned news.

As reported, Binance was on the list due to data distribution related to the acquisition of digital currencies like Bitcoin.

As we know, Roskomnadzor (Federal Service for Supervision of Communications, Information Technology and Mass Media) blacklisted Binance in June 2020.

According to Gleb Kostarev, Binance’s head of operations for Russia and the CIS, the exchange announced the news immediately after the exchange received a notification from Roskomnadzor.

Despite the domain being on banned websites, Russians can still access it without additional VPN tools. Now, the URL is on the official register of the prohibited websites of Roskomnadzor.

Raskomnadzor blacklisted he cryptocurrency website on June 2, 2020, while the access to the website has no limit.

Binance executives say they didn’t know about restriction before September 24

In the public statement, Binance executives reported that they hadn’t received any information about the restriction before September 24. They reported that law enforcement agencies, civil government services, or courts did not inform them before taking the above notification. “We have now engaged our authorized counsels for more guidance. Besides, there will be no interruption to customer’s services in the interim and that their funds are protected.” – they reported.

Moreover, telecom regulator also banned BestChange.ru, a significant cryptocurrency website around Russia in August. The website contributes an aggregator service of approximately 400 local crypto exchange sites.