Russian Web Censor Tells Binance It's Been Blacklisted – Three Months Late

Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

Sep 25, 2020 at 11:20 a.m. UTC
Updated Sep 14, 2021 at 10:00 a.m. UTC

Russian internet censorship agency Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

  • Binance Russia director Gleb Kostarev notified followers on Facebook Friday that Roskomnadzor had added the exchange's domain to its list of prohibited websites.
  • The reason, according to Kostarev, was that Binance had been caught publishing information about how to buy and sell bitcoin, which is apparently an offense in Russia.
  • "Not sure if we should laugh or cry," he said.
  • While cryptocurrencies are officially recognized as taxable property in Russia, the Ministry of Finance has recently made moves to put crypto trading under harsh supervision.
  • Russian news agency RBK said a court had already approved Roskomnadzor's motion to block Binance on June 2.
  • "Issuance and usage of bitcoins are fully decentralized, and there is no way to regulate it by the government, which contradicts the current Russian law," the court decision reads.
  • In a Kafkaesque twist, Kostarev told CoinDesk that Binance wasn't notified about the court's decision or even aware of its existence until today.
  • Roskomnadzor also banned access to a bitcoin wallet, Metbea.
  • Kostarev said that Binance is looking into contesting the prohibition.

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