Crypto Exchange Okx Blocked by ’s Telecom Watchdog

[Bitcoin]

Crypto Exchange Okx Blocked by 's Telecom Watchdog

n media and communications regulator, Roskomnadzor, has restricted access to the website of a major cryptocurrency exchange, Okx. The trading platform was one of those that did not restrict access for ns amid sanctions that affected the industry’s business in .

Okx Blacklisted on Request From n Prosecutor’s Office for Disseminating Banned Information

’s Federal Service for Supervision of Communications, Information Technology and Mass Media, also known as Roskomnadzor, has added this week the domain name of crypto exchange Okx to its list of sites containing information, the distribution of which is prohibited in the n Federation. The move follows a decision by the n Prosecutor General’s Office.

The Seychelles-based company is among the few leading coin trading platforms that did not introduce restrictions for n users despite mounting Western sanctions imposed over ’s military invasion of e, the n business news portal RBC noted in a report.

n prosecutors asked the telecom watchdog to prevent access to its website for “dissemination of unreliable socially significant information of financial nature,” Roskomnadzor told RBC Crypto. The agency’s press service further elaborated:

The site published information related to the activities of financial pyramids, as well as information on the provision of financial services by persons who do not have the right to provide them in accordance with the legislation of the n Federation.

Okx, which has a daily trading volume of around $1.5 billion and lists some 350 digital assets, has not commented yet. n legal experts noted, however, that in the absence of a comprehensive legal framework, any exchange can be blocked in . According to Daniil Gorkov, a lawyer at the Criminal Defense Firm, this would deal an irreparable blow to the country’s crypto market.

Roskomnadzor has a history of taking down crypto-related websites. In September 2020, the world’s largest crypto trading platform, Binance, was blocked for some time. The popular exchange aggregator Bestchange.ru has been blacklisted on several occasions and crypto news outlets have been targeted, too. In each of these cases, the restrictions were later lifted with prosecutors failing to convince the courts.

Do you think n authorities will restrict access to other major crypto exchanges? Tell us in the comments section below.

Source: Crypto Exchange Okx Blocked by 's Telecom Watchdog