Russia has taken a hard line against crypto exchange WhiteBIT, designating it as an "undesirable" organization over the exchange's support for Ukraine's military. WhiteBIT said on its website that it has donated over $11 million to support the Ukrainian army and civilian population. Under Russia's law on "undesirable organizations," entities designated as such must cease operations in the country. Individuals or entities that cooperate with the entities risk fines and criminal charges carrying prison terms. full story ⏬

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