The website of the world’s largest cryptocurrency exchange, Binance, is no longer officially blacklisted following a new court ruling in Russia.
The Arkhangelsk Regional Court has annulled an earlier decision to list the Binance website in Russia, according to a January 21 report by the Russian news agency Kommersant. Gleb Kostarev, Binance’s chief operations officer for Russia and the CIS, confirmed the news to Cointelegraph, stating that the trial took place on January 20.
The latest court ruling reverses an earlier decision made in 2020. In September, Binance announced that its website had been added to the list of banned websites by the Russian Telecommunications Authority Roskomnadzor. The regulator blacklisted the site based on a court ruling accusing the site of disseminating prohibited information. Despite the blocking, the site was still available in Russia without additional access tools such as VPNs.
At the time of posting, Binance website will still appear on Roskomnadzor’s list of banned websites, but access will not be restricted.
Kostarev said Binance is still waiting for court documents on the final decision it will receive over the next two weeks. “After we receive a document, we send a notification to remove us from the list,” he said.
The executive also said the blacklist did not affect Binance’s trading volume in the Russian market. “Although the September ban did not affect our volume in Russia, it was important for us to protect our reputation and attractiveness in this case,” said Kostarev.
The blacklist reversal comes shortly after Russia officially passed the most important crypto law “On Digital Financial Assets” on January 1, 2021. In August 2020, Roskomnadzor banned another major cryptocurrency website in Russia, BestChange.ru.