Saturday, December 5, 2020
Home XRP - Top 10 Russian federal authority for communication has blacklisted Binance’s website.

Russian federal authority for communication has blacklisted Binance’s website.

Could the IRS Be The Underrated Watchdog Hindering Crypto Adoption?

September 25th 2020

The Russian federal authority responsible for the supervision of communications, information technology, and mass media in the country has blacklisted Binance’s website.

The Russian federal authority responsible for the supervision of communications, information technology, and mass media in the country, Roskomnadzor, has blacklisted Binance’s website. The crypto exchange giant announced the news in its official Russian Telegram channel on Friday, saying that the exchange received a notification from Roskomnadzor on Thursday about the inclusion of Binance’s website in the regulator’s register for “containing information prohibited for distribution in Russia.” Binance said it had been placed in the register, possibly due to data distribution related to cryptocurrencies such as bitcoin.

Binance’s website entered the list on June 2.

According to the government’s official records, Binance’s website entered the list on June 2, while the “access is not limited,” meaning the website can still be accessed in the country. However, Binance claims it continues to provide services to Russian users “in full, and clients’ funds are safe.” As for the June inclusion, the crypto exchange said it had not received any notifications from law enforcement agencies before Thursday. The crypto exchange offers trading in six cryptocurrencies; BTC, ETH, XRP, BNB, BUSD, and USDT — via Russian ruble deposits. However, it is not immediately clear what the blacklist means in practical terms. 

New Russian crypto laws require users to report their wallets. 

As reported earlier, Russia’s Ministry of Finance has prepared a new version of Russia’s laws that introduce stringent measures regarding crypto wallets’ usage. The announcement followed an earlier attempt to prohibit crypto transactions in the country. However, the report stated that this new amendment would come into force starting next year. According to the new laws, crypto users in Russia have to report their wallet address and its transaction history to Russian tax authorities if the wallet turnover crosses 100,000 rubles ($1,300) in one year.  

ADVERTISEMENT

Jai Pratap

Jai Pratap

Jai Pratap

Jai Pratap

Jai Pratap

A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.


Enable Notifications
  

Ok


No thanks


Source link

XRP vi.be Editor

XRP vi.be Editor

Editor at XRPvi.be, gathering information and insights about Ripple, XRP and related things from around the internet. Opinions deriving from any content do not represent ours. All content copyrights are with the original creators and holders. By clicking on the ‘source’ link you can visit the originating place of the content.

Popular Articles

Top DeFi Coins Maker, Aave, and YFI Correct 10% as ETH Slides

Top decentralized finance (DeFi) coins have undergone a severe correction over the past day. Leading names such as MakerDAO’s Maker (MKR), Aave’s AAVE, Yearn.finance’s...

Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head

Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still...

Recent Bitcoin Breakout Barely A Blip In Coinbase Volume, But What Does This Mean?

Even those who have been around the cryptocurrency space for some time are still in disbelief over how fast Bitcoin rose from $3,000 to...

Bitcoin 101

Check out our new platform 👉 https://thecapital.io/Andrew GardnerDec 1 · 2 min readPhoto by André François McKenzie on UnsplashWhat is Bitcoin?Bitcoin has to be...

History of the Blockchain

Let’s look at important dates in the development of blockchain technology.Andrew GardnerNov 29 · 2 min readCheck out our new platform 👉 https://thecapital.io/Photo by...

Thriving Bitcoin And Ethereum In November 2020

Check out our new platform 👉 https://thecapital.io/Crypto BrowserDec 4 · 3 min readAs Bitcoin Attracts More And More Dormant Coins In Circulation, Ethereum Prepares...