Russia blocked global crypto exchange OKX on Oct. 4, but did not disclose why. financial news.
A local non-governmental organization named Roskomsvoboda discovered on Tuesday that the Attorney General’s Office had blacklisted okx.com’s IP address. The banning decision was made under Article 15.3 of the Federal Law on Information, Information Technology and the Protection of Information.
Reason for ban
The Attorney General’s Office has not disclosed how or why OKX violated section 15.3 of the federal law. The law is known to focus on public calls against extremist activity.
Artem Kozlyuk, founder of Roskomsvoboda, commented on the finding, saying that in many cases the blocked companies do not know why. The only way to find out why is for him to file a lawsuit against Roskomnadzor, the Russian internet censor.
OKX
according to coin gecko, with a daily trading volume of about $1.4 billion, OKX is the third largest crypto exchange platform by market capitalization. However, this did not prevent the Russian authorities from banning the exchange.
Russia also banned Binance’s website in June 2021, stating that the exchange operates in a fully decentralized manner, leaving no room for the government to regulate Binance’s behavior, and the Russian law at the time. Binance has filed a lawsuit, saying it has not received any complaints from regulators and that the ban was lifted by a court in January.
OKX, on the other hand, has not commented on the recent ban. Considering Kozlyuk’s comments, OKX may not be aware of the recent decision.
The name of the exchange recently came to light in connection with the case of Terraform Labs co-founder Do Kwon. On September 28, South Korean authorities asked KuCoin and OKX to freeze 3,313 bitcoins (BTC).
