The analytical center under the Government of Russia studied the work of cryptocurrency exchangers and came to the conclusion that their services are mainly used by scammers and criminals. Analysts call for the blockage of the web pages of P2P exchanges in Russia.
The Center for National Projects of the Analytical Center for the Government of Russia published a report on cryptocurrency exchanges. The report was made by order of Deputy Prime Minister Dmitry Chernyshenko and is called "Research of P2P Exchangers Activity", Russian news Telegram channel Baza reports. The study describes in detail how crypto exchanges operate.
“The P2P exchanger indicates the account details or the phone number to which the client needs to transfer funds. After transferring funds to the "drop" account, the client receives a notification that his order is in progress. Within 15 minutes, the equivalent in cryptocurrency is credited to the client's specified cryptocurrency wallet."
Analysts conclude that the main users of crypto exchangers are illegal online casinos, drug dealers, arms dealers, and other representatives of the criminal world who use cryptocurrency to legalize illicit proceeds. The report notes that most exchangers are not registered as legal entities in the Russian Federation, and their activities are not regulated in any way.
“Currently, the blockage of P2P exchanger websites is carried out by Roskomnadzor, as a rule, after the trial takes place and the corresponding judicial decision on blocking comes into force. One of the main legal grounds for blocking crypto exchanger sites is the fact that, according to Russian legislation, cryptocurrency is a monetary surrogate, the issue, and circulation of which is prohibited on the territory of Russia,” the report reads.
At the end of February, the head of Rosfinmonitoring, at a meeting with the Russian president, announced the development of a service that would be able to track criminal crypto transactions. The system was entitled "Transparent Blockchain". According to the head of the department, law enforcement officers will even be able to determine the final recipient of the funds.