Russian telecom regulator, Roskomnadzor, has notified the world’s largest cryptocurrency exchange Binance that it blacklisted the exchange for “spreading information related to the acquisition of digital currencies”. Basically, it means that Russian users won’t be able to access the exchange without the use of special tools like VPNs, anonymizers, or proxy servers after the local telecom operators start to enforce the ban.submitted by Stealthex_io to StealthEX [link] [comments]
So far the exchange site is still accessible without taking any additional steps. Binance promises that there will be no disruption to their services for Russian users, and that they are going to challenge this decision in the court of law. Now the exchange is looking for legal counsel before taking further action. Anyway, it seems to remain unflinching in its plan to launch a cryptocurrency payment card for Russian users later this year.
The good news is that many top dogs in the cryptocurrency exchange services arena, for example, LocalBitcoins, have been banned for years, and it didn’t stop crafty Russians from using the services. You wouldn’t really expect highly sophisticated crypto traders to be warded off with these mostly useless measures. Roskomnadzor had become famous for banning Telegram in 2018, and then even more famous for having to admit losing this battle, even though it took two long years and a virus pandemic to recognize the failure.
And the utmost irony in all of this is that the Binance ban is in stark contrast with the recent proposal of Russia’s Ministry of Finance. It came up with a bill on making individuals report their crypto operations for taxes, which kinda assumes legality of these operations. The authority also proposes that cryptocurrency exchanges should quarterly report transactions of Russian users. But seriously, how do they see approaching Binance if it is not supposed to be available from Russia?
If you are going to make sense of it all, you will have a hard time. Any sane person trying to find reason behind the steps taken toward cryptocurrency regulation by the Russian government and its public services would likely end up with cognitive collapse. But it may be a mistake to assume there is a reason in the first place as these moves can be adequately explained by lack of genuine understanding what cryptocurrencies essentially are. You simply can’t fight crypto with bans and prohibitions.
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Original article was posted on https://stealthex.io/blog/2020/09/25/breaking-news-russia-outlaws-binance/
The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. In an announcement on its Russian Telegram channel, Binance said it was included on the list of prohibited domains because its website includes information about the purchase and sale of crypto assets like bitcoin ( BTC ). Per Roskomnadzor’s registry, Binance was listed on June 2, 2020, and access to the site was not limited at the time. Binance officials claim the regulator did not inform them beforehand. Binance’s executives noted that they had not received any information regarding the blacklisting before September 24. They claimed that, “We were not previously notified of any claims by law enforcement ... Roskomnadzor also banned access to a bitcoin wallet, Metbea. Kostarev said that Binance is looking into contesting the prohibition. Subscribe to Blockchain Bites , our daily update with the latest ... Bestchange.ru, Binance blacklisted, Bitcoin Transactions, Crypto regulation, Roskomnadzor, Russia, Russia’s Federal Service for Supervision of Communications Information Technology and Mass Media According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies like Bitcoin . Gleb Kostarev, Binance’s head of operations for Russia and the CIS, told Cointelegraph that the exchange announced the news immediately after the exchange received a notification from Roskomnadzor. Roskomnadzor wpisuje Binance na czarną listę . Domena Binance – największej na świecie giełdy kryptowalut – znajduje się teraz – i ponoć o czerwca – na czarnej liście witryn internetowych w Rosji, którą prowadzi Roskomnadzor. Informację tę dopiero 24 września potwierdziło samo Binance. Komunikat w tej sprawie opublikowano na rosyjskim kanale giełdy na Telegramie. Dodano ... Bitcoin borsası Binance Rusya’daki regülatörler tarafından kara listeye alındı. ForkLog gibi kaynakların haberine göre Roskomnadzor, Binance’e borsadaki kripto para faaliyetlerine ilişkin bir bildiri gönderdi ve borsanın sitesini bu faaliyetler nedeniyle kara listeye alacağını aktardı. Binance ise Roskomnadzor tarafından gönderilen bildiriye karşı çıkmayı planlıyor. Roskomnadzor wpisał Binance na czarną listę stron w Rosji. Cambridge: na świecie jest 100 mln użytkowników Bitcoina. Deutsche Bank zamknie 20 proc. swoich oddziałów. Komisja Europejska stworzy piaskownicę regulacyjną ds. blockchaina . Rosja proponuje kary za niezadeklarowanie kryptowalutowych transakcji. Rezerwa Federalna USA bada temat CBDC. Popularne Tagi. bitcoin; btc ... Duyuruya göre, Bitcoin (BTC) gibi dijital para birimlerinin edinimi ile ilgili verilerin dağıtılması nedeniyle Binance listeye alındı. Cointelegraph’ta yer alan habere göre Binance’in Rusya operasyonları başkanı Gleb Kostarev, borsanın Roskomnadzor tarafından bildirildikten sonra hemen haberi duyurduğunu söyledi. It seems that the exchange platform has been taken by surprise when the Roskomnadzor – the Federal Service for Supervision of Information Technology and Mass Media of the Russian Federation — notified Binance that its primary exchange domain ‘www.binance.com’ has been blacklisted on the Russian web. Binance Blacklisted for Distributing Info on Buying Bitcoin. According to the shared ...
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