OKX crypto exchange website blocked in Russia
Roskomnadzor put the domain name of the platform on the list of banned sites
![OKX crypto exchange website blocked in Russia](https://storage.getblock.net/source/1/Yin9rUiTAjlkKdjX5JgV-jM2SryRHyX1.webp)
05.10.2022 - 13:30
373
2 min
0
What’s new? The Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor) blocked access to the website of cryptocurrency exchange OKX. According to the RBC material, the agency added the domain name of the platform to the list of banned sites for distributing information prohibited in Russia. The reason for this was the decision of the Prosecutor General's Office.
Reaction from exchange representatives. The specific reason for blocking OKX is unknown. Representatives of the exchange said in Discord that the platform did not impose restrictions on users from Russia. The OKX team stressed that services for Russian clients are provided in full.
What is known about OKX? It is a centralized exchange (CEX), founded in 2017. Its headquarters are located in the Seychelles. More than 350 tokens and 500 trading pairs are available on the platform, fee-free conversion, as well as perpetual swaps, futures and options. As of October 5, 12:30 UTC, OKX is ranked third by trading volume among CEX with $1,47 billion, according to CoinGecko.
In December 2021, Russia stopped blocking the Tor network. Meanwhile, the main site of the project is blocked by Roskomnadzor. The browser was also included in the register of prohibited information.
In April 2022, the Ministry of Finance supported the idea of transferring data of crypto investors to law enforcement agencies. The Ministry adopted part of the amendments to the bill on the regulation of cryptocurrencies, which were proposed by the law enforcement agencies. Thus, Russia may prohibit advertising of unlicensed crypto platforms, while exchanges and other platforms will be obliged to provide data at the request of investigators.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024