The Russian state media regulator has blocked Russian citizens from accessing the OKX exchange. What surprised many is that the platform’s censorship came without notice and initially with no apparent reason for the government’s action.
Russia blocked the website of cryptocurrency exchange OKX earlier this week. The site became part of the banned list of Roskomnadzorthe Russian state media regulator, authorized to act as internet controller.
It is possible to observe the presence of the OKX website in the administration of the Roskomnadzor.
By registering with the regulatory body it is possible to see that the OKX website is blocked under the article 15.3 of the Russian Federal Law on Information, Information Technologies and Information Protection.
This article determines the restriction of sites for various reasons, including false information and potential threat to financial or credit organizations.
According to data from The Block Research, OKX is currently the second largest cryptocurrency exchange in terms of trading volumes and market share. With this, “Russia cuts off a large number of customers” from the platform.
Despite the definition of Article 15.3, no exact reason was given for banning the OKX page in the country, which resulted in not only the customers but also the platform itself not reacting to what happened.
Russians can still use the broker’s service through VPNs
It is worth noting that the Russian government has only blocked the OKX website and has not banned the brokerage from operating directly in the country, which is a possibility for the future, but not as likely.
With that, blocking the site doesn’t mean Russians can’t get full access to the platform, given the availability of virtual private networks, VPNs.
So far, it appears that investors’ money on the platform has not been affected and may not be in the future.
It is worth remembering that this is not the first time something like this has happened in Russia, andSeptember 2020 was the Binance website blocked after a local court ruled that the exchange helped “spread information about bitcoin”.
However, in the absence of formal representation against the broker, the decision was annulled in 2021.
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Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
