Binance Russia gets off the blacklist after a court ruling.

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According to a recent report by Russian news agency Kommersant, the Arkhangelsk Regional Court has annulled a previous decision to blacklist the Binance website in Russia. Gleb Kostarev, Binance’s head of operations for Russia and the CIS, confirmed the news, stating that the court hearing took place on January 20. The latest court decision reverts a previous ruling made in 2020. As reported earlier, Binance announced that its website came on the list of prohibited websites by Russian telecom regulator Roskomnadzor.

 

Binance Russia was charged for disseminating prohibited information.

The Russian financial regulator blacklisted the website based on a court decision charging the site for disseminating prohibited information. Despite the block, the website was still available in Russia without additional access tools like VPNs. Currently, the Binance website still appears on Roskomnadzor’s list of prohibited sites, but access is not restricted. However, Kostarev said that Binance is still waiting for the court documents on the latest decision, which the company expects to receive in the next two weeks. The executive also revealed that the blacklisting did not impact Binance’s trading volumes in the Russian market. 

 

Russian officials are now required to report their crypto holdings. 

As reported earlier, Russia is the latest country that has asked its government officials to report their cryptocurrency holdings officially. Russian President Vladimir Putin has signed a decree obliging Russian officials to disclose their crypto investments by June 30, 2021, local news agency TASS reported on December 10. Officially released on Thursday, the law stipulates new measures related to Russia’s federal crypto law “On Digital and Financial Assets,” or DFA. The law would require Russian officials to disclose data like the name of the cryptocurrency, the date of acquisition, the total amount of held assets, as well as information about the issuer of an asset like the country of registration.

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