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The decision to block the Binance exchange in Russia canceled

The largest cryptocurrency exchange Binance has achieved the cancellation of the decision to block its domain in Russia. The Kommersant newspaper writes about this with reference to the head of Binance in Russia, Gleb Kostarev.

Recall that the blocking of Binance became known in September 2020. Roskomnadzor added it to the register of banned sites on the basis of the decision of the Mirny City Court of the Arkhangelsk Region of June 2 at the request of the city prosecutor’s office. The court then concluded that the information presented on the Binance website is prohibited for distribution, as it concerns the “sale of monetary surrogates.”

According to the publication, the Arkhangelsk Regional Court overturned the decision to block Binance on January 20. Kostarev confirmed that they learned about the claims of the prosecutor’s office after the blocking of their domain by Roskomnadzor. Mikhail Bautin, partner of the law firm Digital Rights Center, who represented the exchange in court, called it a “gross procedural violation” and added that they had to restore the missed appeal deadline and then file an appeal. As a result, “the prosecutor’s office was forced to abandon its claims,” he explained.

The situation around the blocking of the Bestchange exchanger aggregator developed in a similar way. The information on the Roskomnadzor website confirms that currently access to both resources is not limited.

Alexander Zhuravlev, partner of the EDR law firm, noted that the prosecutor’s office at any time can submit a similar application for the same reasons to the same companies. In addition, in the foreseeable future, the situation with blocking may worsen due to the entry into force of the Law “On digital financial assets” on January 1, 2021. Zhuravlev explained that according to the law, cryptocurrency exchanges must be certified by the Central Bank of the Russian Federation and be included in a specialized register, which does not exist today.

“The absence of a stock exchange in the register could be another reason for the prosecutor’s office to file a lawsuit to block the site,” he added.

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