⚡️On Russia Day🇷🇺 — about red flags: what you need to remember when cashing out crypto in Russia

⚡️On Russia Day🇷🇺 — about red flags: what you need to remember when cashing out crypto in Russia

Stricter regulatory oversight may push crypto cash-outs via bank accounts into a legal “gray zone”.

➡️ High-risk transactions: cryptocurrency operations are automatically flagged as suspicious due to the anonymity of blockchain, which makes it difficult to trace the source of funds.

➡️ P2P exchanges are under particularly close scrutiny.

➡️ To rule out money
laundering, banks may request:

✅ Contracts for cryptocurrency purchases and sales;

✅ Screenshots from crypto exchanges confirming transactions;

✅ A written explanation of the origin of funds and the purpose of the transfers.

➡️The main red flags are:

🚩 Minimal account balance (less than 10% of daily turnover): indicates transient operations.

🚩 Large number of counterparties: more than 10 transfers per day or 50 per month between individuals.

🚩 Large sums: more than 100,000 rubles per day or 1,000,000 rubles per month.

🚩 High frequency of transactions: more than 30 deposits or withdrawals daily.

🚩Instant withdrawal of funds: money deposited is withdrawn within minutes.

🚩Atypical activity: absence of payments for goods, utilities, or everyday needs.

There is no guarantee that a law-abiding customer will not get involved in these situations. Even if the issue is resolved quickly, it still represents a loss of time and effort.

#news #Russia #crypto #p2p

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