The Central Bank of Russia made a shocking statement about Crypto

A recent report by the Central Bank of Russia showed a significant increase in the number of criminals using cryptocurrency. While the numbers will be significant in 2022, by 2023 almost all fraud methods will be crypto-related.

In the year In 2023, it was suggested that cryptocurrencies were “almost” the main tool of pyramid schemes and illegal brokers to carry out their fraudulent activities.

Crypto scams are on the rise in Russia, according to the Central Bank

In a recent report, the Central Bank of Russia In 2022, all other fraudulent investment projects in the country used cryptocurrency. However, the ratio worsened in the following year, 2023.

By 2022, every second fake investment project will attract cryptocurrency. In the year By 2023, almost all pyramids and illegal brokers have invested in internal tokens or offered accepted contributions in cryptocurrency.

In the year Statisticians predict that annual crypto revenue in Russia will reach $2.8 billion by 2028.

In July 2023, Beincrypto reported that President Putin signed the Digital Ruble Law. Exactly one year ago, in July 2022, Putin signed a bill banning crypto as a payment option in the country.

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However, not all Russians were enthusiastic about the digital ruble. In the year According to an August 2023 survey by Bankinform, respondents view the digital ruble as a scam.

According to the survey, 13% of participants are eager to use the digital ruble. However, 34% of respondents have no interest in using the new ruble.

Crypto exchange Binance comes out of Russia

In September 2023, crypto exchange Binance announced that it was withdrawing from the Russian market due to compliance concerns.

Binance sold the business to CommEX. Binance Chief Compliance Officer Noah Perlman said:

“Looking ahead, we recognize that operating in Russia does not align with Binance's Compliance Strategy. We are confident in the long-term growth of the Web3 industry around the world and will focus our energies on the 100+ other countries where we operate.”

Meanwhile, several representatives of the Russian Parliament have recently shown their support for Central Bank Digital Currencies (CBCC).

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In September 2023, the head of the Finance Committee of the Russian Parliament, Anatoly Aksakov, argued that the role of traditional banks will diminish as blockchain technology integrates with global financial systems.

According to him, with the help of blockchain technology and advanced algorithms, digital ruble can perform many current functions of banks.