Russia’s Roskomnadzor prohibits web domain of largest crypto firm Binance


Russia Authorities seem to be running after the
largest crypto exchange Binance by marking a ban on its website domain in the
country. Binance founded by Changpeng Zhao overshadows many Security token
companies by its volume of transactions and its millions of users. Telecom
regulator Roskomnadzor has enlisted Binance in the list of platforms broadcasting
banned info, Binance even officially declared on its Telegram channel.
The trading platform Binance says that the prohibition is owing to broadcasting
data in regards to acquisition of crypto like security tokens offering Bitcoin
and other. Roskomnadzor is a federal service in Russia that looks after the supervision
of communications, mass media and info tech.
In spite of the website being put on the
rundown of restricted sites, Russians can in any case get to it with no extra tools
such as a VPN. Roskomnadzor’s official record of boycotted sites includes the
URL of Binance. In a public declaration, Binance officials highlighted
that the trading platform was not earlier notified of such demands by legal bodies
in Russia, or the civil government or the courts preceding to obtaining the Roskomnadzor
notification. Binance has presently involved its legal counsels for additional
guidance. Binance executives also said that they assure all of their Russian clients
that no interruption would be found in their services in the meanwhile and that
their investment tokens are secure.
In June 2020, the trading platform’s website
domain apparently boycotted by Roskomnadzor; the activity has all the earmarks
of being irrelevant to Binance's schedule to introduce its digital
currency debit card in Russia since the proposals for it were declared
somewhat far along in September 2020. In the month of August, Roskomnadzor
also banned BestChange.ru, a large crypto domain in Russia which offers an
aggregator facility of around 400 crypto trading websites.

World Crypto Business
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UNITED STATES