By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UPComing NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Search
  • About us
  • Advertise with us
  • Contact us
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Binance Turns Down Allegations of Sharing User Data with Russia
Share
Sign In
0

No products in the cart.

Notification Show More
Latest News
Facebook to introduce NFTs
Facebook to introduce NFTs: will the new update push the NFT market up?
July 2, 2022
90s-themed metaverse game
Raregotchi: All you need to know about the ’90s-themed metaverse game
July 2, 2022
NFT Market is on the edge of a cliff as sales volume drop below $1B
NFT Market is on the edge of a cliff as sales volume drop below $1B
July 2, 2022
Voxels to hold a series of grandiose events at Vox Empire
Voxels to hold a series of grandiose events at Vox Empire
July 1, 2022
TIME is building a Time Square in The Sandbox metaverse
TIME is building a Time Square in The Sandbox metaverse
July 1, 2022
Aa
NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Aa
Search
  • HOME
  • NEWS
    • LATEST NFT NEWS
    • BITCOIN NEWS
    • ETHEREUM NEWS
    • BLOCKCHAIN NEWS
    • ALTCOINS NEWS
  • NFT Collection
    • RARITY TOOL BY NFTStudio24
    • UPComing NFT
    • NFT EXPLORE
  • NFT STORIES
  • PRESS RELEASE
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Contact us
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > Crypto and NFT NEWS > Binance Turns Down Allegations of Sharing User Data with Russia
Crypto and NFT NEWS

Binance Turns Down Allegations of Sharing User Data with Russia

news room
news room April 23, 2022 255 Views 6 Min Read
Updated 2022/06/27 at 9:33 PM
Share
6 Min Read
Changpeng Zhao, founder and chief executive officer of Binance, BNB , Binance , Binance Coin
SHARE

Binance officially released a statement condemning Reuters’ article by calling it “categorically false.” The exchange was attacked by the news outlet for allegedly sharing customer data with FSB-controlled agencies and Russian regulators.

Contents
Binance Denies the AllegationsBinance Contacts ReutersBinance’s Russia PolicyFinal words
BNB , Binance , Binance Coin

Recently, on 23 April 2022, Reuters reported that Binance had built ties with Russian regulators by sharing its users’ data to trace donations to Alexei Navalny, a Russian opposition leader, and anti-Putin activist.

The article stated that last year, Binance’s head of Eastern Europe and Russia, Gleb Kostarev met with Russia’s anti-corruption agency called Rosfinmonitoring in regards to seeking customer data. Rosfinmonitoring is related to Russia’s Federal Security Service (FSB).

During this time, the agency was tracing down crypto donations provided by Russians to support Navalny, who got arrested in Russia in 2021. Investigations for Navalny revealed that prior to his arrest Navalny dodged an attempt of assassination through poisoning. Navalny supporters believe he was arrested for going against Putin’s regime.

The report revealed that the meeting between Kosterav and Rosfinmonitoring was done by the Digital Economy Development Fund and German Klimenko. In the meeting, Kosterav agreed to help the agency by saying he didn’t have a choice. This sparked an uproar and suspicions rose against Binance on social media.

The recent events regarding the Ukraine-Russia war have already put everyone on toes; this report raised questions about Binance’s security and credibility as a crypto exchange.

Although there is no direct evidence pointing towards Binance’s privacy violation. The Russian crypto market revealed there’s no surprise about the news of Binance working with Rosfinmonitoring as many crypto exchanges were forced to work with AML agency to maintain their status in the market.

Binance Denies the Allegations

Binance wasted no time denying the allegations made by the article. It released an official statement on the Binance blog with detailed clarification and facts that it had no connection with the Russian government or the agency.

The article stated that the allegations were “categorically false.”

The article also said: “Today, any government or law enforcement agency in the world can request user data from Binance as long as it is accompanied by the proper legal authority. Russia is no different […] Binance has not entered into any form of unusual agreement with the Russian government that differs from any other jurisdiction.”

The denying statement ended with: “And, to be clear. Binance has not sought to actively assist the Russian state in its attempts to investigate Alexi Navalny; indeed the prosecution case concerning Navalny noted that no donations that were the subject of investigation related to digital currencies. To say so is materially inaccurate.”

Binance Contacts Reuters

After the statement that said Binance will file a complaint against Reuters for falsely accusing the crypto exchange, it directly contacted Reuters via email to address the situation.

Binance also released emails they shared with Reuters. Nothing has been done as of yet, and only the future will tell how Reuters will respond to the complaint by Binance.

Binance’s Russia Policy

Other than clarifying and denying Reuters’ allegations, Binance also revealed its policy for Russia, pre-war and post-war.

The statement said that the crypto exchange had repeatedly asked the government to establish “an effective crypto regulatory framework.” Binance stopped operating in Russia after the Ukraine attack and “aggressively implemented sanctions against Russia.”

Before the war, Binance had worked with Russia to help Russian investors be part of the global crypto market through the exchange. Binance repeatedly asked the Russian government to set regulatory laws for crypto to ensure their status in the market, but the lawmakers failed to comply.

After the war, Binance announced it would stop operating in Russia following the European Union policy, limiting millions of Russian residents to make transactions through the crypto exchange.

CEO of Binance, Changpeng Zhao, said that the crypto exchange will follow the sanctions set by the European Union and America against Russia. However, it would not “unilaterally freeze millions of innocent users’ accounts.”

Russia has limited the Russians’ transactions to 10,00 euros and stopped accepting Russia-issued Visa (V) and Mastercard (MA) banks.

Binance also released details of how it had helped Ukraine raise funds by donating $10M+.

Related News

  • Binance Coin: BNB Prices Struggle a Bear Market in the First Quarter of 2022
  • Stay Alert From Great SMS Phishing Scam Says Binance Ceo, Cheng Peng Zhao
  • Limitations On Crypto Advertisement Will Not Influence The Crypto Demand: Binance CEO

Final words

Binance is one of the largest cryptocurrency exchanges in the world. Each branch operates separately and works with every country’s government to establish a regulatory framework, as mentioned in the official statement. The article clearly says that the crypto exchange only works with the government to better its users’ experience and facilitate them without any political involvement.

The emails exchanged between Reuters and Binance show that the situation is yet to be resolved. The users and crypto influencers hope that both parties will clarify the situation by showing strong evidence to maintain their authenticity in the industry.

Read Binance’s official statement here.

- SUBMIT YOUR PRESS RELEASE -
Ad imageAd image

Don’t miss the Important NFT Drops

Are you tired of missing important NFT drops?

  • Just check out our NFT Collection page! Click here
  • For Upcoming NFTs projects, Click here

You Might Also Like

NFT Market is on the edge of a cliff as sales volume drop below $1B

Raregotchi: All you need to know about the ’90s-themed metaverse game

Facebook to introduce NFTs: will the new update push the NFT market up?

Voxels to hold a series of grandiose events at Vox Empire

TIME is building a Time Square in The Sandbox metaverse

TAGGED: MasterCard

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
news room April 23, 2022
Share this Article
Facebook TwitterEmail Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article NFT, Moonbirds NFT, NFT news, nft update, Jimmy Fallon, Jimmy Fallon Moonbirds NFT, Jimmy Fallon NFT Did Jimmy Fallon Receive a Free Moonbirds NFT or Not?
Next Article willy woo, bitcoin, bitcoin analysis, BTC analysis, Btc Bitcoin News: Willy Woo’s supply shock indicator shows BTC is undervalued
Leave a comment Leave a comment

Leave a Reply

You must be logged in to post a comment.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Facebook to introduce NFTs
Facebook to introduce NFTs: will the new update push the NFT market up?
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
90s-themed metaverse game
Raregotchi: All you need to know about the ’90s-themed metaverse game
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
NFT Market is on the edge of a cliff as sales volume drop below $1B
NFT Market is on the edge of a cliff as sales volume drop below $1B
Crypto and NFT NEWS LATEST NFT NEWS July 2, 2022
- Career -
Ad imageAd image

You Might also Like

NFT Market is on the edge of a cliff as sales volume drop below $1B
Crypto and NFT NEWSLATEST NFT NEWS

NFT Market is on the edge of a cliff as sales volume drop below $1B

July 2, 2022
90s-themed metaverse game
Crypto and NFT NEWSLATEST NFT NEWS

Raregotchi: All you need to know about the ’90s-themed metaverse game

July 2, 2022
Facebook to introduce NFTs
Crypto and NFT NEWSLATEST NFT NEWS

Facebook to introduce NFTs: will the new update push the NFT market up?

July 2, 2022
Voxels to hold a series of grandiose events at Vox Empire
Crypto and NFT NEWSLATEST NFT NEWS

Voxels to hold a series of grandiose events at Vox Empire

July 1, 2022
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

Recent Posts

  • Facebook to introduce NFTs: will the new update push the NFT market up?
  • Raregotchi: All you need to know about the ’90s-themed metaverse game
  • NFT Market is on the edge of a cliff as sales volume drop below $1B
  • Voxels to hold a series of grandiose events at Vox Empire
  • TIME is building a Time Square in The Sandbox metaverse

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance

Quick Link

  • ABOUT US
  • CAREER
  • CONTACT US
//

Subscribe to our newsletter to get our newest articles instantly!

NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.NFTStudio24 | Latest and Upcoming NFT News, Press Releases, Reviews, and Others.
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

  • bitcoinBitcoin(BTC)$19,289.44-0.19%
  • ethereumEthereum(ETH)$1,056.500.38%
  • tetherTether(USDT)$1.000.33%
  • usd-coinUSD Coin(USDC)$1.000.19%
  • binancecoinBNB(BNB)$216.64-0.16%
  • Binance USDBinance USD(BUSD)$1.00-0.04%
  • cardanoCardano(ADA)$0.4518660.92%
  • rippleXRP(XRP)$0.314415-0.08%
  • SolanaSolana(SOL)$33.092.38%
  • dogecoinDogecoin(DOGE)$0.0673232.98%
  • polkadotPolkadot(DOT)$6.821.52%
  • daiDai(DAI)$1.000.16%
  • tronTRON(TRX)$0.0652550.39%
  • Shiba InuShiba Inu(SHIB)$0.0000100.97%
  • leo-tokenLEO Token(LEO)$5.74-4.10%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$19,290.57-0.08%
  • AvalancheAvalanche(AVAX)$16.371.67%
  • Lido Staked EtherLido Staked Ether(STETH)$1,016.050.34%
  • matic-networkPolygon(MATIC)$0.4739572.56%
  • litecoinLitecoin(LTC)$50.41-0.89%
  • FTXFTX(FTT)$24.48-0.03%
  • OKBOKB(OKB)$12.110.26%
  • chainlinkChainlink(LINK)$6.192.61%
  • CronosCronos(CRO)$0.112503-0.65%
  • stellarStellar(XLM)$0.108225-1.15%
  • NEAR ProtocolNEAR Protocol(NEAR)$3.320.75%
  • cosmosCosmos Hub(ATOM)$8.127.55%
  • UniswapUniswap(UNI)$4.983.27%
  • moneroMonero(XMR)$116.803.32%
  • algorandAlgorand(ALGO)$0.3056170.10%
  • ethereum-classicEthereum Classic(ETC)$14.781.78%
  • bitcoin-cashBitcoin Cash(BCH)$103.433.03%
  • Theta FuelTheta Fuel(TFUEL)$0.0493794.13%
  • ChainChain(XCN)$0.0838301.68%
  • vechainVeChain(VET)$0.0222770.50%
  • FlowFlow(FLOW)$1.523.20%
  • FraxFrax(FRAX)$1.00-0.15%
  • ApeCoinApeCoin(APE)$4.511.67%
  • HederaHedera(HBAR)$0.0626410.71%
  • The SandboxThe Sandbox(SAND)$1.05-3.38%
  • tezosTezos(XTZ)$1.456.41%
  • Internet ComputerInternet Computer(ICP)$5.261.30%
  • decentralandDecentraland(MANA)$0.83-1.94%
  • true-usdTrueUSD(TUSD)$1.000.21%
  • filecoinFilecoin(FIL)$5.320.05%
  • theta-tokenTheta Network(THETA)$1.171.12%
  • Axie InfinityAxie Infinity(AXS)$13.86-0.51%
  • ElrondElrond(EGLD)$50.18-0.86%
  • bitcoin-cash-svBitcoin SV(BSV)$53.203.04%
  • HeliumHelium(HNT)$9.10-0.52%
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?