Russian government blocks crypto news sites ‘Promote money laundering’

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Despite the rapid expansion of the cryptocurrency industry Digital assets such as Bitcoin (BTC) seem to be unable to break through the Russian government barrier. The Russian government has also blocked some media sites for allegedly promoting money laundering.

According to Finbold, Roskomnadzor (RKN) – the Russian regulatory agency for communications, information technology and mass media, Finbold said. It has blocked the website of Russian news site Bits.media for users and major Russian service providers. The editor said the reason for the block was a decision by the Volzhsky District Court of Saratov, which alleges that the address linking the five business locations contains “information promoting money laundering”.

According to the statement indicating the court’s decision It was in response to an indictment filed by the prosecutor’s office on March 31, with a verdict on April 24. The media also said the court’s website stated that Judge Alla Danilenko had considered the case without the presence of the business owner. in the blocked address

The blocked address is not specifically named in the document. But the official verdict states that there “Information aimed at promoting money laundering crimes. which has a source of income from crime”

Meanwhile, Bits.media intends to contest the verdict, with company founder Ivan Tikhonov saying: “We are stakeholders in this case. But no one informed us of the action. We do not have the opportunity to materialize the Saratov Prosecutor’s Office for inquiries and arguments. which we strongly disagree with the verdict.”

According to the statement, this is not the first time the government has tried to block Bits.media (and other crypto-related websites), with the same scenario occurring in January 2015, when the regulator referred to the decision of the city of Nevyansk, the Sverdov Regional Court.

back as well The editor challenged the verdict. Winning the case four months later, Roskomnadzor unblocked the site. Bits.media is now accessible in Russia via a VPN or proxy, as well as from abroad.

The legal vacuum on crypto in Russia

Russia has a complicated relationship with crypto. Even the country’s President Vladimir Putin has asked the government and central bank to reach an agreement on industrial expansion.

As Finbold reported in mid-April The country’s Ministry of Finance is preparing a strict regulatory framework that details crypto mining for the first time. After the Deputy Energy Minister called for legalization as soon as possible.

Later in late June The Russian parliament is considering a new bill that would fine the issuance of illegal crypto or exchange up to 5,000 Russian rubles ($86) for individuals and 30,000 rubles ($516) for officials.

at the same time The Bank of Russia is testing its central bank digital currency (CBDC) – the digital ruble – against 12 different banks. The goal is to be fully launched by 2023.

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