The website of the world’s largest cryptocurrency exchange Binance is not officially blacklisted in Russia, according to a new court decision.

According to a report published by the Russian news agency Kommersant on January 21, the Arkhangelsk regional court overturned an earlier decision to blacklist the Russian website Binance. Gleb Kostarev, Binance’s head of Russian and CIS operations, confirmed the news to Cointelegraph, indicating that the hearing will take place on 20 January.

A recent court ruling overturns the previous ruling issued in 2020. In September, Binance announced that the site was on Roskomnadzor’s list of banned sites. The regulator blacklisted the website after a court ruling accused it of publishing prohibited information. Despite the ban, the website is still available in Russia without additional access tools such as a VPN.

At the time of publication, Binance is still on the list of sites blocked by Roskomnadzor, but access is not restricted.

Kostarev said Binance was still awaiting court documents on the final decision the company expects to receive within the next two weeks. “After receiving the document, we will send a notice to remove ourselves from the list,” he said.

The CEO also said that the blacklist did not affect Binance’s trading volumes in the Russian market. “Although the September ban did not affect the scope of our business in Russia, it was important for us to protect our reputation and appeal in this case,” Kostarev said.

The blacklist was put in place shortly after Russia formally adopted the Cryptocurrency Basic Law “On Digital Financial Assets” on January 1, 2021. In August 2020, Roskomnadzor blocked a major Russian cryptocurrency website, BestChange.ru.

Source: CoinTelegraph

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