NEWS

The Russian government Block Access To Crypto Exchange OKX

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On Wednesday, the Russian authorities apparently blacklisted an IP address affiliated with a cryptocurrency firm, OKX, for activities involving unlawful access to government information.

The Russian Internet censor proceeded to mark the user’s address for violating Article 15.3 of Russia’s electronic information law. Media accounts linked to the Russian censor quote Roskomnadzor as saying that the state telecommunications agency banned the address for a series of activities related to pyramid schemes.

OKEx isn’t the first cryptocurrency exchange to be closed by Russia. In June of last year, a Russian court shut down Binance’s website on the grounds that the issuance of bitcoins is decentralized. Like Binance’s IP address, OKEx may file a lawsuit against Russia’s internet censorship agency to determine the exact reason for the suppression of the website.

The Russian government continues to test its policies pertaining to cryptocurrency regulations as other countries continue to implement Bitcoin in their financial infrastructure. However, Russia has taken substantial steps toward cryptocurrency incorporating, as the country has just authorized cryptocurrency for international transactions.

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Yahya Imran is a crypto trader and blockchain content creator. He was a Campus Ambassador for FTX Africa and worked as a video content creator in the content Department of FTX Africa. He is a professional Video Editor and Video animator. He is the founder of Coinsplug.

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