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Russian Court Removes Popular Cryptocurrency Exchange from Blacklist

A court in Russia's Arkhangelsk region ruled last summer that Binance's website should be blocked. 

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Russian Court Removes Popular Cryptocurrency Exchange from Blacklist.

A court in Russia’s Arkhangelsk region ruled last summer that Binance’s website should be blocked. It seems that the court has abandoned this decision.

Binance’s site, the largest cryptocurrency exchange by trade volume, was blocked after a court in Arkhangelsk said the company helped distribute information about Bitcoin (BTC) and that the cryptocurrency was unregulated. In the court decision, he said, “The export and use of Bitcoin is completely decentralized and there is no way to regulate it by the government, which is against existing Russian law.”

Complaint Withdrawn

However Binani by ‘according to the Russian representative in Glebe Kostarev Binani, the court was not informed about the trial and learned that only be blacklisted by Internet censorship agency Roskomnadz. This prevented the exchange from properly defending its rights in court. According to CoinDesk’s new court decision, prosecutors withdrew their complaints after Binance appealed the decision and requested the appropriate process.

Russia Bitcoin (BTC) as crypto money is not illegal units. The country’s digital assets law, which took effect on January 1, recognizes cryptocurrencies as taxable property. President Vladimir Putin has also signed an order in recent months to inform officials of crypto assets.

The country’s central bank also issued a directive limiting the amount of digital assets an unqualified investor in Russia can purchase in a year to no more than 600,000 rubles (about $ 7,740).

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