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Russian court order removes Binance website from regulator’s blacklist

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The web site of the world’s largest cryptocurrency trade, Binance, is not formally blacklisted in Russia, in line with a brand new courtroom ruling.

Based on a Jan. 21 report by Russian information company Kommersant, the Arkhangelsk Regional Courtroom has annulled a earlier determination to blacklist the Binance web site in Russia. Gleb Kostarev, Binance’s head of operations for Russia and the CIS, confirmed the information to Cointelegraph, stating that the courtroom listening to occurred on Jan. 20.

The most recent courtroom determination reverts a earlier ruling made in 2020. In September, Binance introduced that its web site came on the list of prohibited websites by Russian telecom regulator Roskomnadzor. The regulator blacklisted the web site based mostly on a courtroom determination charging the location for disseminating prohibited data. Regardless of the block, the web site was nonetheless obtainable in Russia with out further entry instruments like VPNs.

At publishing time, the Binance web site nonetheless seems on Roskomnadzor’s listing of prohibited websites, however entry is just not restricted.

Binance web site on Roskomnadzor’s listing of prohibited websites. Supply: RKN

Kostarev mentioned that Binance remains to be ready for the courtroom paperwork on the most recent determination, which the corporate expects to obtain within the subsequent two weeks. “After getting a doc we are going to ship a notification to take away us from the listing,” he mentioned.

The chief additionally mentioned that the blacklisting has not impacted Binance’s buying and selling volumes within the Russian market. “Although the September ban had no impression on our volumes in Russia, for us it was necessary to guard our fame and enchantment on this case,” Kostarev acknowledged.

The blacklist reversal comes shortly after Russia officially adopted its main crypto regulation “On Digital Monetary Property” on Jan. 1, 2021. In August 2020, Roskomnadzor banned one other main cryptocurrency web site in Russia, BestChange.ru.