Cryptocurrency Analysis and News Portal
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details
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Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations
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The more widespread cryptocurrency becomes – the more fraud involving it is happening in the industry. The majority of scammers are drawn to cryptocurrency exchangers, because they present the highest concentration of cryptocurrency.A cryptocurrency exchanger is a service where people can exchange traditional fiat currency into cryptocurrency and vice versa,
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