Binance handed customer data to Russian investigators
Reuters reported that Binance provided Russian authorities with personal identification and cryptocurrency transaction records for Yuri Belenkiy, a 49-year-old IT specialist accused of sending more than $700 in crypto donations linked to Ukraine and a group Moscow designates as terrorist. The records reportedly included date of birth, address, phone number, passport number, and copies of his passport and Bulgarian residency permit, and were incorporated into evidence. Binance says it complies with lawful requests, but the disclosure occurred after the company said it had exited Russia, and it has raised questions about GDPR applicability and possible further identification of other donors.
Binance provided customer identity and transactions used in terrorism charges.
Context
Binance said in 2023 it sold its Russian business and planned to exit the country.…
The full analysis
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- Full ContextLocked
- Affected SectorsLocked
- Stock ImpactLocked
- Economic IndicatorRising cross-border enforcement of…Locked
- Investor RelevanceLocked
- Professional RelevanceLocked
- Watch PointsFiling or public announcement of a GDPR…Locked
- Probability of ChangeLocked
- Debate PointsCross-border data transfers to…Locked
- Historical ParallelExchanges routinely share customer data…Locked
- Prerequisite KnowledgeLocked
- Follow-up QuestionsWas Belenkiy registered with Binance as…Locked
- Pros & ConsLaw enforcement: cooperation helped…Locked
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