Russia Bans Cryptocurrency Platforms

News • 2020/08/31 • by Remitano

The Russian government has begun to ban several crypto websites ahead of the crypto regulation scheduled to take place in the country. Bestchange.ru, an exchange website that has been banned twice, has already been given another notice.

Bestchange.ru stated that it has started researching how to reverse the ban, but it might take a while. The platform helps customers get the best rates for crypto and other online banking as well. The website was first blocked in 2017 and then restored in 2018. It was blocked again along with some other crypto websites in March 2019 and was reversed in May 2019.

Based on the court ruling, information on BTC contradicts the Russian laws and therefore prohibited. The third time kicked off when Kotlas city court recently ordered to block about seven digital asset websites, including bestchange.ru. A notification was sent to these platform that they share information that isn't permitted by Russian law. However, Bestchange.ru did not stop its operations and has decided to appeal the decision.

Source: News.bitcoin

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