Cryptocurrency exchange's website said to have info on pyramid schemes
The cryptocurrency exchange's website was said to contain information about pyramid schemes. However, no specific details were provided. This is not the first time that such a ban has been imposed.
This is a unfortunate development for crypto users in Russia. It is yet another example of the government's attempts to control and restrict access to information and financial services. We can only hope that this does not lead to further crackdowns on crypto exchanges and users in the country.
It is unfortunate that OKX was found to be in violation of Russian law by publishing information related to financial pyramids. However, it is still possible to access the website through a VPN.
We believe that using a VPN is an important security measure and recommend that users continue to do so when accessing OKX. We have implemented risk controls to protect against potential bans, and believe that users should be able to access OKX without fear of being banned.
OKX is a company that is based in China and the Seychelles. It is not observing Western sanctions against Russia. Recently, it failed to respond to a request by South Korean authorities to freeze accounts attributed to Terraform Labs co-founder Do Kwon. It is also known for its sponsorships of Manchester City soccer and auto racing.
It is encouraging to see that some progress is being made in challenges to website blockings in Russia. However, it is still a concern that crypto news websites are being targeted by the government. It is important for the crypto community to continue to fight for freedom of information and expression.
It's been two years since Roskomnadzor blocked Cointelegraph in 2019, but the move hasn't had any effect. Now, the Russian regulator is taking action to block the site once again.
