Cryptocurrency Exchange OKX is Blocked in Russia

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Roskomnadzor, at the request of the Prosecutor General’s Office, blocked last October 4 access to the website of the cryptocurrency exchange OKX in Russia.

The trading platform has reportedly been charged with violating the law on the dissemination of information.

The head of RosKomSvoboda, a Russian non-governmental organization that supports open self-regulatory networks and protection of digital rights of Internet users, Artem Kozlyuk, has explained that the Prosecutor General’s Office has the right to issue requests to block Internet resources in three cases:

For distribution of extremist materials, for the dissemination of fake and inaccurate information and to recognize the site as fraudulent according to the order of the Central Bank of the Russian Federation.

Artem Kozlyuk has said:

“In this case, it is impossible to say exactly which basis is chosen. But, most likely, this happened by decision of the central bank. In Russia, cryptocurrencies are not legalized, so Russian government agencies and courts can make arbitrary decisions to block sites related to cryptocurrencies as disseminating illegal information.”

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