OKX Website Blocked in Russia by Regulatory Agency
OKX Website Blocked in Russia by Regulatory Agency
The website of crypto exchange OKX was blocked in Russia on October 4 by Roskomnadzor, the state media monitoring service. The agency took this action at the request of the Prosecutor General’s Office, citing the dissemination of unreliable socially significant information of a financial nature.
Reasons for the Block
Roskomnadzor stated that OKX had published information related to financial pyramids and unlicensed financial services under Russian law. These activities are prohibited and deemed harmful to consumers.
Accessibility and Implications
Despite the block, users in Russia can still access the website using a VPN. This move highlights the ongoing regulatory challenges faced by crypto exchanges in certain jurisdictions. The situation underscores the importance of compliance with local laws and the evolving nature of cryptocurrency regulations globally.
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