Russia has officially blacklisted the cryptocurrency exchange WhiteBIT, labeling it as "undesirable" due to its support for Ukraine. This move is part of ongoing tensions between Russia and Ukraine.
The decision to blacklist WhiteBIT was announced by Russian authorities, who cited the exchange's active support for Ukraine as the primary reason. WhiteBIT, which has been vocal in its backing of Ukraine, now faces restrictions within Russia.
Details about the specific actions taken by WhiteBIT that led to this decision have not been fully disclosed. The impact on WhiteBIT's operations in Russia remains uncertain as the situation develops.
Key facts
- Russia has blacklisted WhiteBIT, a major crypto exchange.
- The exchange is labeled "undesirable" due to its support for Ukraine.
- WhiteBIT has been vocal in its backing of Ukraine.
- Specific actions by WhiteBIT leading to the blacklist are not fully detailed.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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