Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Bitcoin Exchange Bitstamp Temporarily Blocks Access From Russian IPs

Bitstamp, a European Union-based bitcoin marketplace, announced that it has decided to temporarily block access to its website from Russian IP addresses.

The move comes after the recent reports that said Russian lawmakers submitted a new draft bill to the country’s legislative assembly Duma in December that aims to ban digital currencies such as bitcoin.

In an email to its customers, the company said that it came to know that the Russian government is prohibiting access to its website for all of its Russian customers.

“We have not been officially notified of the reason for this action, which we view as unjustified. We are not aware of any misuse of our services involving any Russian customer. Bitstamp poses no threat to the security of Russia or its economy”, the email read. “Bitstamp is a recognized leader in operating a safe, fully compliant exchange. We are attempting to contact officials in Russia to determine why they have taken this unfortunate action.”

Bitstamp further said that it suspects that the ban is related to legislation pending in the Duma that seeks to broadly ban the domestic use of BTC, and “appears to criminalize use of an international exchange such as Bitstamp.”

NewsBTC reported that websites and web-based platforms banned by the Russian court can be tracked on the official site of Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media (FSSCIM).

“According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site”, NewsBTC noted.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-11-21 08:06:34
0m
2017-11-21 08:05:29
0m
2017-11-21 08:04:19
0m
2017-11-21 08:03:55
0m

November 20 20:00 UTC Released

BRCAGED Net Payroll Jobs*

Actual

77 k

Forecast

Previous

77 k

November 20 13:00 UTC Released

RURetail Sales YY

Actual

3.0 %

Forecast

3.9 %

Previous

3.1 %

November 21 13:55 UTC 332332m

USRedbook MM

Actual

Forecast

Previous

-1.2 %

November 21 13:55 UTC 332332m

USRedbook YY

Actual

Forecast

Previous

2.3 %

November 22 12:00 UTC 16571657m

USMBA Mortgage Applications

Actual

Forecast

Previous

3.1 %

November 22 12:00 UTC 16571657m

USMortgage Market Index

Actual

Forecast

Previous

401.7 Bln EUR

November 22 13:30 UTC 17471747m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

237.75 k

November 22 13:30 UTC 17471747m

USInitial Jobless Claims

Actual

Forecast

240 k

Previous

249 k

November 22 13:30 UTC 17471747m

USContinued Jobless Claims

Actual

Forecast

1.882 Mln

Previous

1.860 Mln

November 22 14:30 UTC 18071807m

BRForeign Exchange Flows*

Actual

Forecast

Previous

-3.412 Bln USD

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.