Russia Blacklists Crypto Exchange WhiteBIT Over Ukraine Support

Russia Blacklists Crypto Exchange WhiteBIT Over Ukraine Support

Russia has banned crypto exchange WhiteBIT after prosecutors designated it “undesirable,” accusing the platform of financing Ukraine’s war.

Russia Criminalizes Interaction With Foreign Crypto Platform More Stories ETHNews

Russia’s Prosecutor General’s Office of the Russian Federation officially designated a major Ukrainian-founded cryptocurrency exchange as an “undesirable organization.” The classification effectively bans the platform from operating in Russia and makes any interaction with it a criminal offense for Russian citizens, carrying potential prison sentences of four to eight years. The decision marks one of the harshest actions taken by Russian authori…

WhiteBIT Dismisses Russian Ban, Citing 2022 Market Exit and 8x Global Growth

WhiteBIT, a cryptocurrency exchange recently labeled an “undesirable organization” by Russia, said it lost 30% of its customer base after blocking Russian and Belarusian users in 2022. A Badge of Honor WhiteBIT, the cryptocurrency exchange recently designated an “undesirable organization” by the Russian Prosecutor General’s Office, has characterized the label as the “strongest confirmation” of […]

Russia Bans WhiteBIT Over Support To Ukraine Military

Russia has officially banned WhiteBIT, accusing the exchange of supporting Ukraine and engaging in illegal financial activities.The decision was announced by the current Russian Prosecutor General, who labelled WhiteBIT and its parent company, W Group, as an “undesirable organization.” Under the Russian law, once this label is given to a company, it criminalizes it and reduces any form of interaction with the exchange within the country.The Russ…

Russia Bans WhiteBIT, Deeming Crypto Exchange 'Undesirable' Over Ukraine Support

Russian authorities blacklisted WhiteBIT and its parent company over the crypto exchange's support of Ukraine’s war effort.