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Binance website removed from Russia’s “blacklist” –

According to a new ruling from a Russian court, the website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in the country.

Binance in Russia is already off the blacklist

According to a January 21 report by the Russian news agency Kommersant, the Arkhangelsk District Court overturned a previous blacklisting decision for Binance. Gleb Kostarev, the head of Binance’s operations in Russia, confirmed the news to Cointelegraph, stating that the hearing took place on January 20.

The latest court decision restores the previous ruling from 2020. In September, Binance announced that the stock exchange’s website was included in the list of banned sites administered by the Russian regulator Roskomnadzor. The authority blacklisted the site on the basis of a court ruling charging the site for disseminating prohibited information. Despite the blockade, the site was still available in Russia without additional access tools such as a VPN.

At the time of this publication, the Binance site is still on the Roskomnadzor Prohibited List, but access is not restricted.

Kostarev also told Cointelegraph that Binance is still waiting for court papers regarding the latest decision the company expects to receive in the next two weeks.

– After receiving the documents, we will publish [oficjalne] notification of our removal from the list – He said.

The fact that the stock exchange was blacklisted, he added, did not affect Binance’s trading volumes in the Russian market.

While the September ban had no effect on our volumes in Russia, it was important for us to protect our reputation and appeal on the matter Kostarev said.

Russia regulates the cryptocurrency market

The decision on the blacklist has changed now, that is shortly after the cryptocurrency law “On digital financial assets” entered into force in the country, which took place exactly on January 1, 2021. In August 2020, Roskomnadzor also blocked another large site website for cryptocurrencies in Russia, BestChange.ru.

Moscow has also admitted that it plans to issue a digital ruble. This means that the country wants to follow the path marked by China.

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