Russia: Cryptocurrencies Aren’t Used In Laundering

Artem Sychev, deputy director of the information security department of the Russian Central Bank, told TASS that cryptocurrencies are rarely used to withdraw money by fraudsters.

He pointed out that scammers often use bank cards to withdraw stolen money instead of cryptocurrencies as rumored.

Russia’s deputy finance minister, Alexei Moisev, said Russia could allow crypto-trading, as well as that the Russian central bank itself was considering the possibility of launching its own cryptocurrency in the future.

The Russian parliament is also working on the rules and regulations on crypto and digital currencies, where the Digital Assets Act will be discussed in the coming weeks.

Please note, that is not a bit of financial advice, nor the WhaleToBe team’s view.

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