Russia Blocks Access to Bitcoin P2P Exchange LocalBitcoins
The Roskomnador, Russia’s federal administrator of telecommunications and the internet has blocked access to prominent peer-to-peer bitcoin exchange platform LocalBitcoins. In a move that won’t come as a surprise to the cryptocurrency community, Russia’s telecom regulator has blocked access to popular over-the-counter and P2P bitcoin exchange platform LocalBitcoins. Roskomnadzor (Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications) has effectively blacklisted LocalBitcoins’ domain, rendering it inaccessible via Russian ISPs. A quick....
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The decision to block LocalBitcoins was made on July 5th of 2016, albeit it did not go into effect until recently. The story of Bitcoin in Russia has taken yet another exciting turn. While the news is far from positive, there are so many conflicting reports in the country it is generating a lot of interest. While WebMoney will accept Bitcoin payments soon, using LocalBitcoins is now prohibited. One just never knows what will be next for Russian Bitcoin enthusiasts. Similarly to what happened to various Bitcoin news sites in Russia, LocalBitcoins is now inaccessible by Internet users. The....
It seems LocalBitcoins has become the new hot (and illegal) business in Russia. Just last week, the company saw record transactions when over 250 million rubles were exchanged for everybody’s favorite digital currency, equaling nearly $4 million in USD. Despite Russian regulators restricting access to the site back in September, the company is not only doing business, it appears to be thriving. Russia has certainly had an up-and-down relationship with digital currency over the last four years. From enforcing penalties upon those using it to saying it’s “not so bad,” Russia just can’t seem....
Russia’s Administration for Telecom and Internet Roskomnadzor has blocked peer-to-peer local Bitcoin exchange LocalBitcoins. They have blacklisted the domain, and it is now inaccessible by Russian ISPs. However, Nikolaus Kangas, CEO of LocalBitcoins, thinks that this ban is only temporary and stays optimistic about the future of his company in Russia and Bitcoin in general. At the end of August, about 1.35 million users from 249 countries were registered at LocalBitcoins, where the weekly volume of transactions on the platform exceeded $14 million. It is possible to work around the block.....
LocalBitcoins’ website has been blacklisted in one of its key markets. LocalBitcoins, a major peer-to-peer cryptocurrency exchange, is no longer available in Russia without using additional tools like a VPN.LocalBitcoins.net is officially blacklisted in Russia as local telecom regulator Roskomnadzor placed the URL on a register of platforms disseminating prohibited information.According to official data, the website was blacklisted on July 21, following an order of the Onezhsky City Court of the Arkhangelsk region.It’s not immediately clear when exactly Roskomnadzor limited the access to....
Digital currency exchange Localbitcoins suffered a security breach over the weekend, but was quick to respond by taking the site offline and reassuring clients that their bitcoins and user data are safe. The exchange described the attack as "very dangerous" and said it targeted the site infrastructure. The breach occurred on Sunday and allowed the intruder to briefly gain access to the server console. Hosting weakness. The attack appears to have been carried out with some good old-fashioned social engineering. Localbitcoins explained: "Localbitcoins hosting received a request to restart....