Roskomnadzor banned Binance’s domain in late September for distributing prohibited information—specifically, instructions about acquiring digital currencies such as Bitcoin (BTC). This may be surprising to some, but Russians are still very much wary of cryptocurrencies. According to a report released at the time, only one in 10 locals would consider investing in digital assets.
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Russian regulator blacklists Binance
As new Russian regulations loom, the leading cryptocurrency exchange is banned for distributing forbidden information, specifically instructions about how to acquire Bitcoin
Furthermore, Binance also claims that the firm has not been warned by law enforcement and government services before the blacklisting of its domain. So far, the company consulted with lawyers and announced that it will continue offering its services to Russia’s citizens.
