Russia Block P2P Crypto Exchange

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Satoshi
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Russia Block P2P Crypto Exchange
Russian telecommunications service regulator Roskomnadzor has blocked access to several peer to peer crypto exchanges such as: LocalBitcoins.com, Hodlhodl.com. Bitsquare.io, Altcoin.io. Paxful.com. LocalCoinSwap.com etc.
Russia is one of the largest crypto markets in the world and
Russia LocalBitcoin.net is the largest source of P2P crypto trading traffic, but the Russian government appears to want to block blockchain transactions. 20% of the total operations of LocalBitcoins.net are from Russia and are in the first place for crypto trading volume in the P2P market.

Since July 21, 2020 the Russian government has started restricting access to peer to peer crypto exchanges. because the Russian government thinks that the P2P crypto exchange site can be used to spread illegal information to the Russian public. Although Russian people are allowed to own and trade cryptocurrency or as a commodity asset, it is prohibited if it is used as a medium of exchange.

After the Russian government blocked the peer to peer crypto exchange site, making it inaccessible on the Russian screen, Russian traders used a VPN to access the exchange. But until now on LocalBitcoins.net Russian citizens are still active and continue to trade as if there were no blocks.
 
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