Russia Labels Crypto Exchange WhiteBIT as 'Undesirable'

Russia labels crypto exchange WhiteBIT as 'undesirable'

WhiteBIT has actively supported Ukraine's war effort, donating $11 million to military initiatives and processing over $160 million in donations.

Russia Crypto Ban: WhiteBIT Exchange Faces Devastating Sanctions For Ukraine Military Support

BitcoinWorld Russia Crypto Ban: WhiteBIT Exchange Faces Devastating Sanctions for Ukraine Military Support MOSCOW, RUSSIA – March 2025: Russian authorities have implemented a comprehensive ban against cryptocurrency exchange WhiteBIT, designating the platform and its parent company as “Undesirable Organizations” following revelations of substantial financial support to Ukrainian military forces. This dramatic regulatory action represents one of …

Russia bans 'undesirable' WhiteBIT four years after WhiteBIT bans Russia

Ukraine-based crypto exchange WhiteBIT will be forced to close its Russian operations after the country’s Prosecutor General’s Office designated the firm “undesirable” and accused it of illegally financing Ukraine’s military. According to Bits Media, WhiteBIT and its parent company W Group have been of moving funds out of Russia since 2022 and directing $11 million towards Ukraine’s armed forces. From this, roughly $900,000 was allegedly used to…

Report: Russia Designates Ukrainian Crypto Exchange as ‘Undesirable’ Organization - Invest In Crypto News

Russia has designated Ukrainian crypto exchange WhiteBIT as an “undesirable organization,” banning its operations and criminalizing any association within the country. Allegations of Financing the Ukrainian Military The Russian Prosecutor General’s Office has reportedly designated the Ukrainian cryptocurrency exchange WhiteBIT as an “undesirable organization,” effectively outlawing its operations on Russian soil and criminalizing any association…

Russia Escalates Crypto Enforcement, Adds WhiteBit to Undesirable List

Today, Russia’s Prosecutor General has officially added Ukrainian crypto exchange WhiteBit, its parent W Group, and all affiliates to the list of “undesirable organizations.” The move effectively prohibits operations or collaborations with these organizations within Russia and exposes local individuals or companies to potential legal penalties under Russian law. Authorities allege WhiteBit facilitated the transfer of funds from Russia to Ukraine…

Russia Bans WhiteBit Crypto Exchange Over Alleged $11M Ukraine Military Funding

TLDR: Russia designated WhiteBit and parent company W Group as undesirable organizations under new ruling. Exchange management allegedly transferred $11 million to Ukraine’s armed forces, including $0.9M for drone purchases. WhiteBit accused of running gray schemes that enabled illegal withdrawal of funds from Russia’s borders. Platform reportedly provides technical infrastructure support to United24’s cryptocurrency donation system.   WhiteBit…