Popular crypto exchange OKX issued a press release announcing the cessation of passive income-related functions in Russia.

Exchange OKX has closed part of the functions for Russians

The OKX cryptocurrency exchange announced the termination of some features for users in the Russian Federation. In particular, the Russians will no longer be able to use tools to generate passive income, namely Earn, Shark Fin and Double Investments.

The reasons for the decision are not mentioned, however, this is probably due to the requirements of the authorities of other countries in which OKX is present, since the message refers to the desire of the exchange to “respond quickly to regulatory requirements”. and the market”.

Previously, OKX was one of the few exchanges that did not place restrictions on users from Russia. At the same time, Roskomnadzor officially blocks the OKX website for spreading prohibited information.


Grigory Shcheglov

Source: RB

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