💣 Russia 🇷🇺: Central Bank launches a crackdown on "drops"

💣 Russia 🇷🇺: Central Bank launches a crackdown on "drops"

The Central Bank of Russia (CBR), in collaboration with Rosfinmonitoring and banks, is working on creating a unified platform to combat drops. Here's a summary of recent developments:

🔣 The CBR reported that around 10 million Russians transferred money to drops this year, approximately 13% of the active population.

🔣 The Central Bank has identified 700,000 drops in Russia. Most are individuals under 23 years old, predominantly from low-income regions, where credit cards are cheaper to obtain. Notably, 25% of these fraudulent cards are registered under migrants' names, drawing increased scrutiny from authorities (more details below).

🔣 Drops frequently carry out operations involving cryptocurrencies, leading to stricter monitoring of exchange platforms such as btc-obmennik.com and cleanbtc.ru.

🔣 Currently, banks cannot refuse to open accounts even if they suspect the client. The strictest measure available is to open the account but disable online services after detecting suspicious transactions. The CBR is now pushing for tougher measures to block these individuals from accessing the banking system entirely.

🔣 Migrant-related concerns are a key focus. The regulator's proposed measures include:

⚠️ Implementing a unique identification document for foreign citizens.

⚠️ Providing banks with direct access to verify migrants' documentation.

🔣 Significant changes: Starting January 1, 2025, stricter rules for migrants purchasing SIM cards will take effect. Migrants will be required to:

1️⃣Sign a contract in person with the telecom operator.

2️⃣Provide a notarized copy of their passport and their tax identification number (SNILS).

3️⃣Register their biometric data.

Each individual will be limited to owning 10 SIM cards, with inactive cards being automatically deactivated.

#news #Russia #p2p #cryptocurrency

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