Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds – Bitcoin News
— Finds, Number, Bank, Schemes, Half, Sanctions, Bitcoin, Russia, Involved, Central — 1 min read
Over half of this year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia finds. Over 56% of the pyramid schemes in the Russian Federation during the first half of the year, or 537 entities, raised funds in various cryptocurrencies or advertised crypto investments. Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access to crypto assets. The central bank was able to identify a staggering number of these scams — more than 2,200 companies, projects, and individual entrepreneurs whose operations showed signs of illegal financial activity. Russian Ministry of Internal Affairs suggested this week that the authorities in Moscow should introduce criminal liability for those providing money-laundering services to crypto fraudsters. Meanwhile, the Russian Source