Russia blocks OKX exchange website for allegedly spreading unreliable information

Russia, while supporting the exploration of the blockchain sector through the CBDC, cannot help but maintain close scrutiny of the crypto sector. In a new development, Russia’s media watchdog Roskomnadzor has alleged that the website of crypto exchange OKX has been spreading fake financial information and exposing people to currency risk. As a result, the OKX website was down. Founded in China in 2017, OKX is now headquartered in Seychelles.

“The site has published information regarding the operation of financial pyramids, as well as information about the provision of financial services by persons who do not have the right to provide them according to the legislation of the Russian Federation. , Roskomnadzor told Russian media RBC.

Currently, the website is not available for access in Russia. However, people can use a virtual private network (VPN) to access the page.

According to a post published on one of the OXK’s Discord server, the platform has urged people to limit opening websites through VPNs.

“We do not recommend using a VPN when accessing OKX as this will trigger our risk controls and may result in the banning of our account,” CoinTelegraph said. quote OXK as said.

It is unclear at this time the details of whether the matter will reach the court.

Previously, Roskomnadzor flagged Binance about claims of illegal activity between September 2020 and January 2021. A district court later reversed the decision.

Meanwhile, Russia is not entirely against the idea of ​​allowing cryptocurrencies for cross-border payments, reports say. declare in September.

According to one report of TASS, Russian Deputy Finance Minister Alexei Moiseev said that Russians’ reliance on foreign platforms for cryptocurrency transactions further underscores the need to legalize this industry locally.

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