According to a recent court decision, the website of the world’s largest cryptocurrency exchange, Binance, is no longer officially blacklisted in Russia.
According to a Jan. 21 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 to Cointelegraph, stating that the court hearing took place on Jan. 20.
The new ruling of the court overturns the original decision taken in 2020. In September, Binance announced that its website had been included in the list of banned websites by Russian telecommunications regulator Roskomnadzor. The regulator blacklisted the website on the grounds of a court ruling punishing the website with the distribution of unauthorized information. Despite the block, the website was still accessible in Russia without external access resources such as VPNs.
At the time of release, the Binance website still exists on Roskomnadzor’s list of banned pages, but access is not blocked.
Kostarev said that Binance is still waiting for the court papers on the new ruling that the firm hopes to obtain in the next two weeks. “After we have received a document, we will send a notification to remove us from the list,” he said.
The executive also reported that the blacklisting had no effect on Binance’s trade volumes in the Russian market. “Though the September ban had no impact on our volumes in Russia, it was important for us to protect our reputation and appeal in this case,” Kostarev said.
The revocation of the blacklist occurs shortly after Russia formally enacted its major crypto rule on digital financial assets on 1 January 2021. In August 2020, Roskomnadzor forbade another major cryptocurrency website in Russia, BestChange.ru.
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