Russia suddenly blocks OKX cryptocurrency exchange website

Russia has suddenly blocked OKX's website in the context of the exchange's "friendly" moves with this country.

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Russia suddenly blocks OKX cryptocurrency exchange website

The website of the OKX cryptocurrency exchange was blocked in Russia by the state media monitoring service Roskomnadzor on October 4. The agency told TASS news agency that OKX was blocked at the request of the Prosecutor General's Office for disseminating socially unreliable information of a financial nature.

 

However, the OKX blockade does not mean that Russians cannot fully access the platform, given the availability of virtual private networks or VPNs. OKX is currently the second largest cryptocurrency exchange by trading volume and market share globally.

The move to ban OKX from Russia is said to be quite a surprise event because the exchange founded in China and now based in the Seychelles has not been subject to Western sanctions targeting Russia like many exchanges. another transaction after the country began its military attack on Ukraine in February 2022.

 

In addition, in recent times, OKX is said to have failed to respond to the Korean government's request to freeze the account due to Terraform Labs co-founder Do Kwon and the "huge" Bitcoin transferred to the exchange. .

However, it is not only OKX that is an exception that has faced opposition from the Russian authorities, previously in September 2020, Binance was also blocked in Russia after a local court ruled that the exchange are helping to distribute information about illegal Bitcoin. Binance quickly objected to this decision and was finally officially "unlocked" by Russia just 3 months later.

FoxCryptoNews summary

Oct 06, 2022

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