Binance had been on the telecommunications regulator’s blacklist in Russia since September 2020.
The website of the world’s largest crypto exchange Binance has been officially removed from the „blacklist“ in Russia, following a ruling by a higher regional court.
According to a report by Russian news agency Kommersant on 21 January, the Arkhangelsk Higher Regional Court has lifted a block on Binance’s website that had been in place until then. Gleb Kostarev, the managing director of Binance Russia, confirmed to Cointelegraph that the ruling was made on 20 January.
In doing so, the Higher Regional Court overturns a previous ruling from 2020. In September, Binance had announced that its proprietary website had been „blacklisted“ by Russian telecommunications regulator Roskomnadzor. The move followed the court decision, which was justified on the grounds that the site was disseminating prohibited information. Despite the „block“, the Binance website was still accessible without a VPN in Russia.
At the time of going to press, the website is still on the authority’s blacklist, but without any applicable access restriction.
Binance website on Roskomnadzor’s blacklist. Source: RKN
Kostarev states that Binance is still waiting for the written verdict, which should be issued in the next two weeks. „As soon as we have the relevant documents, we will send them to the authority in order to obtain a de-listing,“ as he explains to that effect.
The Binance manager clarifies that the alleged block did not affect Binance’s trading volume in Russia: „Although the September block did not affect our trading in Russia, it was important for us to appeal and protect our reputation.“
The latest decision comes just a short time after Russia enacted its first major crypto law on January 1, 2021.The law is expected to be passed by the end of the year. In August 2020, the Roskomnadzor had also added crypto website BestChange.ru to its list.