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Binance Ruble Deposit Launched

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  • Vladislav Sopov
    Binance

    Binance, top-tier centralized exchange, launches Russian Ruble fiat gateway. Through AdvCash payment provider, the Chinese giant offers direct deposits and withdrawals.

Binance Ruble Deposit Launched
Cover image via www.123rf.com

Following a recent Moscow visit by Binance's CEO Changpeng Zhao, Binance started to offer direct deposits and withdrawals of Russian Rubles. Users can now transfer money with their debit cards, credit cards, or from AdvCash accounts, which acts a new payment service

Binance Ruble: Major Benefits

One can trade seamlessly in Russian Rubles on Binance without the hassle of fees, especially when it comes to making deposits. The system also does not charge a fee for buying or selling cryptocurrencies for Rubles in a "one-click buy or sell" option. As for today, users are able to purchase BTC, ETH, and XRP using this instantaneous function.

Trading with a Key Market

This move by Binance perfectly falls into the context of Zhao's warm rhetoric about the prospective Russian market. At the recent meetup in Moscow, Zhao called Russia "...key market, one of the most active markets in the global blockchain space", and characterized Russia's upcoming crypto bill as "a good thing for the industry".

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 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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  • Alex Dovbnya
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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
Cover image via 123rf.com

Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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