{"id":266145,"date":"2022-10-05T18:08:31","date_gmt":"2022-10-05T17:08:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=266145"},"modified":"2022-10-05T18:08:31","modified_gmt":"2022-10-05T17:08:31","slug":"russia-blocks-crypto-exchange-okx-without-disclosing-reason","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/russia-blocks-crypto-exchange-okx-without-disclosing-reason\/","title":{"rendered":"Russia blocks crypto exchange OKX without disclosing reason"},"content":{"rendered":"<p>Russia blocked global crypto exchange company <a href=\"https:\/\/cryptoslate.com\/companies\/okx\/\">OKX<\/a> on Oct. 4 without disclosing why, according to <a href=\"https:\/\/newsoffinance.com\/russia-blocks-access-to-crypto-exchange-okx\/\"><em>News of Finance<\/em><\/a>.<\/p>\n<p>A local non-governmental organization named Roskomsvoboda discovered that the Prosecutor General's office blacklisted okx.com's IP address on Tuesday. The banning decision was made based on article 15.3 of the Federal Law on the Information, Information Technologies, and Protection of Information.<\/p>\n<h2>Reason for the ban<\/h2>\n<p>The Prosecutor General's office didn't disclose why and how OKX breached article 15.3 of the Federal Law. It is known that this law focuses on public calls for extremist activities.<\/p>\n<p>Roskomsvoboda's founder Artem Kozlyuk commented on the discovery and said that often times the companies that are blocked don't know the reason. The only way to figure out why is to file a lawsuit against Roskomnadzor, Russia's internet censorship agency.<\/p>\n<h2>OKX<\/h2>\n<p>According to <em><a href=\"https:\/\/www.coingecko.com\/en\/exchanges\/okx\">Coingecko<\/a><\/em>, OKX's daily trading volume is nearly $1.4 billion and it is the third largest crypto exchange platform by market cap. However, this didn't prevent Russian authorities from banning the exchange.<\/p>\n<p>Russia also banned <a href=\"https:\/\/cryptoslate.com\/companies\/binance\/\">Binance<\/a>&#8216;s website in June 2021, saying that the exchange was operating in a fully decentralized manner, which left no room for the government to regulate Binance's actions, which was against Russian laws at the time. Binance answered with a lawsuit, saying that it didn't receive any complaints from the regulators and got the ban lifted by the court in January.<\/p>\n<p>OKX, on the other hand, didn't comment on the recent ban. Considering Kozlyuk's comments, chances are that OKX is unaware of the recent decision.<\/p>\n<p>The exchange's name <a href=\"https:\/\/cryptoslate.com\/do-kwon-lfg-denies-cashing-out-3313-btc\/\">came out<\/a> recently in relation to the <a href=\"https:\/\/cryptoslate.com\/companies\/terraform-labs\/\">Terraform Labs<\/a>\u00a0co-founder\u00a0<a href=\"https:\/\/cryptoslate.com\/people\/do-kwon\/\">Do Kwon<\/a> case. On Sept. 28, South Korean authorities asked KuCoin and OKX to freeze 3,313 Bitcoins (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>) because K\u0131n had allegedly moved 3313 Bitcoins to these exchanges to sell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia blocked global crypto exchange company OKX on Oct. 4 without disclosing why, according to News of Finance. A local non-governmental organization named Roskomsvoboda discovered that the Prosecutor General&#8217;s office blacklisted okx.com&#8217;s IP address on Tuesday. The banning decision was made based on article 15.3 of the Federal Law on the Information, Information Technologies, and [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":266171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia blocks crypto exchange OKX without disclosing reason<\/title>\n<meta name=\"description\" content=\"A local non-governmental organization named Roskomsvoboda discovered that the Prosecutor General&#039;s office blacklisted okx.com&#039;s IP address.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/russia-blocks-crypto-exchange-okx-without-disclosing-reason\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia blocks crypto exchange OKX without disclosing reason\" \/>\n<meta property=\"og:description\" content=\"A local non-governmental organization named Roskomsvoboda discovered that the Prosecutor General&#039;s office blacklisted okx.com&#039;s IP address.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/russia-blocks-crypto-exchange-okx-without-disclosing-reason\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-05T17:08:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/russia-okx.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/russia-blocks-crypto-exchange-okx-without-disclosing-reason\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/russia-blocks-crypto-exchange-okx-without-disclosing-reason\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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