Binance denies this information.
Last year, the largest cryptocurrency exchange Binance agreed to transfer data to Rosfinmonitoring Russian users. However, the company denies this, according to Reuters, citing sources. Among other things, Rosfinmonitoring planned to track translations of cryptocurrency, including opposition politician Alexei Navalny.
According to Reuters, Binance sought to stimulate the growth of its business in Russia and reported efforts to establish ties with Russian authorities.
According to the agency, Kostarev wrote to a business partner that he does not consider the requirement to transfer users a problem.
According to the agency, citing Kostarev's correspondence, “He didn't have many options,” because to work in Russia, Binance had to “respond to requests from regulators and law enforcement.”
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Earlier, the Central Bank of Russia feared that cryptocurrencies could replace the Russian ruble.
