Crypto exchange WhiteBIT labeled ‘undesirable’ in Russia over Ukraine help
Russian authorities want to banish WhiteBIT, a popular cryptocurrency exchange in the region, over its involvement in efforts to fund Ukraine’s defense in the face of ongoing Russian aggression.
Prosecutors in Moscow accuse the EU-registered trading platform of actively supporting the Ukrainian side since the start of the full-scale Russian invasion nearly four years ago, and blame it for facilitating capital flight from Russia.
Russian prosecutors target cryptocurrency exchange WhiteBIT
Russia’s Prosecutor General’s Office has declared the activities of WhiteBIT and its network of affiliates and subsidiaries in the fintech W Group, “undesirable” in the Russian Federation, without elaborating on the consequences.
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