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Russia to begin ‘mass blocking’ of major crypto exchanges in summer, warns expert – DL News

Russia to begin ‘mass blocking’ of major crypto exchanges in summer, warns expert – DL News

  • Russian web censor could use new $29m AI tools to block exchanges, say experts.
  • Moscow is concerned about “unfriendly” crypto exchanges, lawyer explains.
  • Kremlin insists Russian citizens’ data cannot be held on overseas servers.

Russia will block citizens from trading crypto on overseas exchanges as early as this summer, industry experts warn.

Roskomnadzor, the country’s internet and media censor, is poised to act, Nikita Zuborev, senior analyst at the Russian crypto exchange Bestchange, told Russia media outlet RBC.

“[The industry] expects Roskomnadzor may begin the mass blocking of the websites of crypto exchanges that are not registered in Russia as early as this summer,” Zuborev said.

The warning comes as the Kremlin and…

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