BestChange.ru, an aggregator of over-the-counter (OTC) cryptocurrency providers in Russia, is one of a number of websites being blocked by the country’s internet censorship agency, Roskomnadzor.

• This is the third block of the firm by the Russian authorities and comes as the result of a lawsuit brought by Roskomnadzor, according to BestChange’s head of public relations, Nikita Zuborev.
• BestChange lists the current prices and liquidity supply at the most popular OTC brokers in Russia and its neighboring countries, but isn’t involved in trades.
• Previous lawsuits were successfully overturned by BestChange in court, Zuborev said.
• While a court approved blocking of the websites including BestChange on Jan. 22, the firm was apparently only notified on July 23.
• “We always hear about the lawsuits ‘accidentally,’ we never get a subpoena [in time] and our lawyers always have to request a time extension to appeal first and then get to the lawsuit itself,” Zuborev said.
• The lawsuit also targeted cryptocurrency news websites and even an online flower shop, all of which, according to Roskomnadzor, were offering bitcoin for sale or goods in exchange for bitcoin.
• “The issuance and usage of bitcoin is decentralized and can’t be controlled by the state, which violates Russian laws,” the court's decision reads.
• BestChange said it plans to appeal the ruling and recommended users either employ a proxy to get around the block or go to the “mirror” version of the website using its .net domain.
• Bitcoin is not illegal in Russia, but it may not be used as a mean of payment, according to a bill recently signed into law by President Vladimir Putin.
• As far back as 2015, Russia was trying to limit access to crypto-related websites, blocking even resources like Bitcoin.org.
• The country’s central bank said it supported such measures in 2017 if platforms were selling cryptocurrency in Russia.
• BestChange saw almost 3.3 million views in July, with most traffic coming from Russia, Ukraine and Turkmenistan, according to SimilarWeb.
• OTC is the most popular way to buy crypto in Russia and the Commonwealth of Independent States countries, Zuborev said.

Also read: Moscow May Sell Footage From Public Security Cameras: Report

Related Stories

• Prosecutors Detail ‘Shadow Bank’ Accounts in Fowler Crypto Case
• US Files Suit Against Crypto Accounts Tied to North Korea
• Voyager to Pay Interest on DeFi Tokens to Gain Brokerage Clients
• ShapeShift Accuses Former Employee of Stealing $900K in Bitcoin

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.