Roskomnadzor included the Binance site in Russia on the list of prohibited

  • Roskomnadzor considers cryptocurrency trading as suspicious
  • Binance is still operating as usual
  • Russia “tightens the screws” for miners and crypto holders

The website of the largest cryptocurrency exchange Binance in Russia received a warning from Roskomnadzor. According to the document, the resource was included in the list of prohibited because of the ability to buy cryptocurrency on it.

Crypto exchange can’t sell cryptocurrency ?!

In accordance with the official statement from Binance, Roskomnadzor included the cryptoexchange website on the list of prohibited ones due to the availability of information about the possibility of buying and selling bitcoins.

“On September 24, 2020, we received a notification from Roskomnadzor of the Russian Federation about the introduction of the site to the domain name registry containing the prohibited distribution of information in Russia. It follows from the letter that such is information on the possibility of purchasing electronic cryptocurrency (Bitcoin),” the message says.

Also, the exchange employees explain that they have not previously received notifications from law enforcement and civil government services, as well as from the judiciary about the presence of any claims or court decisions. Currently, the exchange has consulted with specialists in the field of jurisprudence. Binance continues to provide full service to Russian users and customer funds are safe. The exchange press service will inform Russian users about the development of the situation.

Russia just can’t get used to crypto

Despite the fact that the law “On digital payment assets” was adopted at the end of this summer, the Russian authorities, it seems, cannot get used to digital currencies.

The previously adopted law actually legalized transactions with cryptocurrencies, prohibiting the use of bitcoin and other coins as a means of payment. Recently, the Ministry of Finance has proposed new amendments to the existing document. In particular, the amendments concerned cryptocurrency mining. Officials wanted to ban miners from receiving income in digital cryptocurrencies for their activities.

The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) does not see the feasibility of the amendments proposed by the Ministry of Finance of the Russian Federation to the law “On digital financial assets” (DFA).

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