According to Roskomsvoboda, a local NGO (non-governmental organization) that monitors internet censorship, the website of OKX, a Seychelles-registered crypto exchange, has been blocked in Russia.
The prohibition is also included in Roskomnadzor’s official database, Russia’s internet censorship organization. According to Roskomnadzor’s registration, OKX’s website was restricted in accordance with article 15.3 of the federal statute On Information, Information Technologies, and Information Protection. The page discusses public appeals for extremist activity as well as information regarding groups that are prohibited in Russia.
The names Roskomnadzor and Roskomsvoboda are similar because freedom-of-expression activists insulted the censorship’s agency brand by substituting “nadzor” (oversight in Russian) with “svoboda” (freedom).
The grounds for the prohibition are unknown, and the FDA has made no previous public statements about OKX.
According to Artem Kozlyuk, the creator of Roskomsvoboda, even the proprietors of banned websites often have no idea why they have been blacklisted and may only find out by suing Roskomnadzor. Website hosting firms, which are required to block blacklisted websites, are also unaware of the blacklisting. The only information made available is the decision number and the article of legislation.
OKX, which according to CoinGecko is the third-largest crypto exchange in the world by trading volume, is not the first exchange that Russia has blocked. Binance’s website was restricted by a local court in June 2021.
Binance, on the other hand, stated that it has never received any regulatory complaints. The corporation successfully reversed the prohibition in court in January 2021.
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