Binance on Saturday vehemently denied media reports stating the exchange shared user data with Russian agencies.
The world’s largest crypto exchange also refuted claims it shared data linked to Bitcoin donations to popular Kremlin critic Alexei Navalny with any Russian federal agencies.
Binance helped Russia in accessing user data?
A report by Reuters, published on Friday, claimed that back in April 2021, the regional head of BINANCE had a meeting with Russia‘s financial intelligence unit in Moscow. The agenda of the meeting was to secure user data with names and addresses from Binance. The Russian agency was seeking details in order to counter illegal activities.
The report says that Russian agencies were trying to track millions of dollars in Bitcoin donations to jailed Russian opposition leader Alexei Navalny.
In a blog post, Binance asserted that prior to the war, the exchange was working in Russia just like any other global firm. It also claimed that the Binance was even trying to push Russia to build potential crypto related regulations.
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