In Russia, a law limits up to 100 thousand rubles entered into force. per month, the maximum amount of transfers between individuals (drops or droppers) who fell into the Bank of Russia base about fraudulent operations.
If a person falls on this list, banks should introduce a transmission limit for him. When such a client wants to translate more than 100 thousand rubles, he will need to contact the bank’s branch with an identity document. It is also possible to suspend the action of the card and online banking.
Experts told “RBC-Crypto”, How the new law will affect the cryptocurrency operations of Russians and how events can develop further.
“Of two evils choose the less”
The database of the Central Bank “On cases and attempts to carry out transfers of funds without the voluntary consent of the client” is replenished regularly, and this has already affected all the so -called Russian crypto exchange, said the founder of the GMT Legal legal company Andrei Tugarin.
He explained that the data in this database falls from banks and from the Ministry of Internal Affairs. The consequence of the Central Bank’s database is blocking the use of payment cards and online banking until the props from the database, the lawyer says. At the same time, he noted that if the props gets only from the bank, then there is a probability of partial blocking, but in practice these are rare cases. If from the Ministry of Internal Affairs – the lock is always complete, says Tugarin.
The expert recalled that in Russia there is no regulation of the exchange of cryptocurrencies and their appeal as a whole. In this connection, according to the lawyer, the P2P format, especially in the context of financial restrictions, turned into the only way to buy and sell cryptocurrency for a user with a Russian card.
Trade Peer-to-Peer (P2P) is a direct trading of users with each other without the participation of the exchange as an intermediary. Do not become a participant in the laundering of cryptocurrencies. Experts-about the risks of P2P exchange
It is no secret to anyone that droppers (otherwise drops) are involved in the process of buying and selling cryptocurrencies via P2P, as well as such services are used by scammers to implement their schemes, entering into which they call “get into the triangle”.
The “Triangle” scheme on the P2P platforms: the fraudster simultaneously opens a deal with the seller of cryptocurrency and with the buyer ready to transfer rubles. He gives the buyer the seller’s details, he sends the money, and the seller, seeing the receipt, transfer the cryptocurrency to the fraudster’s wallet. Similarly, the scheme is used in the sale of goods: the victim thinks that he pays for the purchase, and the money is received by a random participant in the P2P gear.
According to the already established practice, it is known that the details who have fallen into the Bank of Russia base belong not only drops or fraudsters, but also the legitimate participants of the P2P translators, the lawyer added.
“Therefore, this limit is 100 thousand rubles. You can compare with the saying “out of two evils choose the smaller.” This fraudster, according to the logic of the regulator, should complicate the conclusions, but for a legitimate participant, at least some opportunity remains to use his cards and online banks, ”Tugarin said.
“To a characteristic creak”
In fact, the course for extrajudicial restrictions for citizens of Russia has been taken from the moment of amendments to 161-ФЗ, which entered into force in July 2024, says a lawyer, founder of the Cartesius Legal Agency Ignat Likhunov. According to him, “the market was swallowed”, understanding a certain necessity and not realizing the opportunity to be in such a situation “by denunciation, without trial and investigation”.
In Russia on July 25, 2024, amendments to 161-ФЗ entered into force, according to which banks should return to customers the funds stolen by scammers in some cases, including if the credit institution allowed the transfer to a fraudulent account, which is in the special database of the Central Bank “On Cases and attempts to transfer funds without the consent of the client”. Banks froze 30 thousand accounts on the first day of the new law
“Since the“ experiment ”was recognized as successful (after all, even none of the leaders of the leaders have expressed the requirements for constitutionality for a year), it is logical that the nuts will continue to tighten to a characteristic creak,” Likhunov believes.
If we talk about the consequences for cryptocurrency exchangers, for P2P services on exchanges, then everything will become more complicated and price, the lawyer believes. In his opinion, the services will not disappear, but globally it is a “movement to kill the market”, Likhunov concluded.
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Source: Cryptocurrency
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