Russia Bans WhiteBIT, Deeming Crypto Exchange 'Undesirable' Over Ukraine Support
Russia has banned the cryptocurrency exchange WhiteBIT, labeling it as "undesirable" due to its support for Ukraine amid the ongoing conflict. The decision reflects Russia's increasing scrutiny of foreign entities perceived to back Ukraine. WhiteBIT, which is based in Ukraine, has been involved in various initiatives to support the Ukrainian government and military. This ban is part of a broader trend of Russia targeting organizations that it views as opposing its interests in the region. The move may further isolate Russia from the global cryptocurrency market.
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