Russian Crypto Websites May Be Unblocked Soon

334 and over 40 more crypto-related websites were taken down by Russian authorities over the past years. But they may soon be reinstated. Russian Supreme Court annulled the decision to ban access to and several others.

The ruling sets a precedent for other sites with similar content, taken down by the authorities over the past few years.

In July of 2016. the Vyborgsky District Court in Saint Petersburg ruled that the website violates the Law “On the Central Bank of the Russian Federation”. The reason: publishing information about Bitcoin.

“There is only one monetary unit in Russia” said the district court. “Money surrogates”, which is a term often used by Russian officials when speaking of cryptocurrencies, are illegal in Russia. Now the case will return to the City Court of Russia’s Northern Capital to be reviewed again.

There had been procedural violations when was banned in 2016. The website’s owner, Nikolai Tonkoshkurov, wasn’t subpoenaed to attend the hearing, for example.

Sarkis Darbinyan, Tonkoshkurov’s lawyer, explained that the court will now determine the future of all crypto-related websites.

“We think this is a very important decision,” Darbinyan said. He explained that there is a “systemic problem” with prosecutors banning websites without notifying the owners of the restriction. This deprives them of adequate legal protection.

Do you think that Russian cryptocurrency websites will be reinstated? Let us know in the comments below!


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