Russian court order removes Binance website from regulator’s blacklist

The website of the worlds biggest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling.According to a Jan. 21 report by Russian news firm Kommersant, the Arkhangelsk Regional Court has actually annulled a previous decision to blacklist the Binance site in Russia. Gleb Kostarev, Binances head of operations for Russia and the CIS, confirmed the news to Cointelegraph, specifying that the court hearing took location on Jan. 20. The current court choice reverts a previous ruling made in 2020. In September, Binance revealed that its website came on the list of prohibited sites by Russian telecom regulator Roskomnadzor. The regulator blacklisted the website based upon a court decision charging the website for distributing prohibited info. In spite of the block, the website was still readily available in Russia without extra gain access to tools like VPNs.At publishing time, the Binance website still appears on Roskomnadzors list of prohibited sites, but access is not restricted.Binance website on Roskomnadzors list of prohibited sites. Source: RKNKostarev said that Binance is still waiting for the court files on the most recent choice, which the business expects to receive in the next two weeks. “After getting a file we will send an alert to eliminate us from the list,” he said.The executive likewise said that the blacklisting has not impacted Binances trading volumes in the Russian market. “Though the September ban had no impact on our volumes in Russia, for us it was very important to safeguard our reputation and appeal in this case,” Kostarev stated.The blacklist turnaround comes soon after Russia officially adopted its significant crypto law “On Digital Financial Assets” on Jan. 1, 2021. In August 2020, Roskomnadzor banned another major cryptocurrency website in Russia, BestChange.ru.Title: Russian court order eliminates Binance site from regulators blacklistSourced From: cointelegraph.com/news/russian-court-order-removes-binance-website-from-regulator-s-blacklistPublished Date: Thu, 21 Jan 2021 08:23:55 +0000

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