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The regional representation of the Binance cryptocurrency exchange has agreed to share information about customers from Russia with Rosfinmonitoring and the FSB in exchange for assistance in doing business in the state. Reuters writes about it, citing former employees of the company and other knowledgeable sources.

ForkLog has sent Binance a request for comment.

According to the agency, in April 2021, the regional director of Binance Gleb Kostarev, who was acting as a director in Eastern Europe at the time, held a meeting with representatives of Rosfinmonitoring.

Kostyrev allegedly agreed to share customer data and set up a local division in Russia where authorities can request access to that information. In a conversation with his partner, he stressed that “you don’t have much choice left”.

During the specified time, Rosfinmonitoring tried to track cryptocurrency donations sent to opposition politician Alexei Navalny.