Russia
⛔️ Russia 🇷🇺: New Central Bank rules could ban USDT trading by declaring it illegal Paid Members Public
⛔️ Russia 🇷🇺: New Central Bank rules could ban USDT trading by declaring it illegal The new Central Bank rules will come into effect on May 26. 🔣 These regulations won’t stop Russian companies from using USDT in cross-border commercial operations, but they could limit retail investors from purchasing stablecoins. 🔣 In the
😵💫 Russia 🇷🇺: According to Sberbank, around 2 million “dummies” are currently active in the country Paid Members Public
😵💫 Russia 🇷🇺: According to Sberbank, around 2 million “dummies” are currently active in the country As promised, here’s the follow-up. Since February, the number of “dummies” in Russia has been growing by 80,000 people each month. 🟣 Losses from phone scams in the first quarter alone have already reached 65–
☠️ Drops vs. Central Bank: How fraud schemes survive in Russia 🇷🇺 Paid Members Public
☠️ Drops vs. Central Bank: How fraud schemes survive in Russia 🇷🇺 The Bank of Russia has so far made little progress in combating drops. However, high hopes are placed on introducing criminal liability for drops, known as “Oreshnik”. What’s the current situation❓ ▶️ Drops army: Between 8 and 12 million people
😱 Russia🇷🇺: Rosfinmonitoring seeks access to SBP and “Mir” payment system data to fight money laundering Paid Members Public
😱 Russia🇷🇺: Rosfinmonitoring seeks access to SBP and “Mir” payment system data to fight money laundering The debate over financial privacy is back in the spotlight: Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) has proposed a bill that would grant it direct access to data from the Fast Payment System (SBP)
😱 Russia 🇷🇺: Smerkis arrested on large-scale fraud charges Paid Members Public
😱 Russia 🇷🇺: Smerkis arrested on large-scale fraud charges Vladimir Smerkis, co-founder of the “Blum” app and former Binance director for the CIS region, was detained this weekin a preliminary case involving crowdsales of TKN and TBX tokens. These crowdsales raised tens of millions of dollars, but the tokens disappeared or their
😔 Crypto withdrawals: cross-border payment agents under scrutiny Paid Members Public
😔 Crypto withdrawals: cross-border payment agents under scrutiny Colleagues from the “Fintexno” channel point out that the current “quasi-ruble” market lacks universal arbitration mechanisms. Even when payments go through banks, legal and reputational responsibility falls on the agent. ▶️ A growing issue: Russian importers often file complaints over minor delays or try
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards Paid Members Public
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards The government has proposed amendments to Article 187 of the Criminal Code, which regulates the "illegal circulation of payment means." ➡️ Transactions without legal justification, such as transfers or money reception without a clear legal basis, would be considered
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 Paid Members Public
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 This was announced by VTB Bank president Andrey Kostin during a VTB Private Banking meeting. ➡️ UnionPay cards allow users to pay for goods, services, and withdraw cash in more than 150 countries. ➡️ In the past, around ten Russian financial institutions issued UnionPay