Russian Court Bans Websites Explaining How to Trade Bitcoin

A court in Russia's Perm region has decided to block a number of websites explaining how to exchange cryptocurrency for fiat money. Local prosecutors argue that the dissemination of such information in Russia is illegal, as it could facilitate the laundering of illegal funds. Kungur City Court Blocks Crypto-Related Sites The Kungur City Court in Russia's Perm Krai region has approved a request by the Beryozovsky District Prosecutor's Office to remove several websites that describe different ways to use bitcoin. Prosecutors who discovered crypto platforms insist that posting such content violates Russia's anti-legalization law against criminal proceeds. “It has been found that information on methods of using the Bitcoin cryptocurrency can be viewed and used for free on certain internet resources,” a press release stated: suspicious transactions, the prosecutor sent an administrative request to the court to restrict access to this information. The number of websites and domain names involved were not disclosed, but Forklog noted that the prosecution said it had made five such requests since the beginning of the year. According to the post, one of the claims includes a YouTube video explaining how to exchange bitcoins for Russian rubles. Perm Prosecutor's Office continues to crack down on Russia's Bitcoin websites without providing further details. Banned sites will join a growing number of crypto-related outlets that have been removed by Russian authorities in recent years. Last August, Russian media watchdog Roskomnadzor blocked an old crypto

Join the Discussion

  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
    ETX Capital 0.6pips (variable) margin: 3.33%
  • Back to top