A new type of scam has appeared in P2P exchangers - it became possible due to amendments to the law on payment systems dated July 25.

According to the new edits, the Central Bank can easily block accounts in all banks — just one fictitious complaint from a fraudster that you are engaged in fraud.
There is already a precedent: the guy decided to withdraw the crypt from By bit via P2P. The next day, he gets a call from the bank and is told that the money was sent to his card by mistake — that's what the fraud sender said.
The hero of the story refused to return the money and tried to prove that everything was fair. It didn't help: two days later, all bank accounts were blocked, the guy was put on the "black list of the Central Bank" and refused to give out cash.

And anyone can complain like that. The only option is to exchange everything in cash the old—fashioned way.
Be careful and warn your friends.

Week in #reviews

The government intends to raise import duties on alcohol and flowers from unfriendly countries. The duty on strong alcohol will be 20%, but not less than €3 per liter; on wine – 25%, but not less than $2 per liter; on cut flowers – 20%. The new rates will be in effect until the end of this year.

The ban on the export of #Russian gasoline, which was suspended at the end of May, resumed on August 1. The Ministry of #energy announced a decision to extend the ban into September-October "as a precaution."

The State Duma passed a law allowing the use of cryptocurrency for cross-border settlements in foreign trade contracts. This opportunity can be realized only within the framework of an experimental legal regime.

Starting September 1, the #CentralBanking of the Russian Federation will begin creating a special platform for cross-border settlements in cryptocurrencies, with the first payments expected by the end of this year. The work will be conducted jointly with BRICS partners, and the creation of an independent financial settlement platform, "BRICS Bridge," will be discussed at the #BRICSSUMMIT in Kazan in October.

Russian-Turkish trade turnover decreased by 14% over six months, to $26.3 billion. Supplies from Turkey to Russia fell by 26.5%, to $4.3 billion, while Russian exports decreased by 10.4%, to $22 billion.

#DEFİ stands for "Decentralized Finance."
It is a term that describes financial services and products built on #blockchaintechnolo without the involvement of traditional financial intermediaries, such as banks and brokers.

In traditional financial systems, all processes are controlled by centralized organizations (banks, exchanges). In DeFi, all operations are carried out through smart contracts on the blockchain. This eliminates intermediaries and reduces fees.

To clarify, smart contracts are software algorithms that automatically execute the terms of an agreement written in computer code. Essentially, they are contracts, but recorded as computer code.

Unlike traditional paper contracts, #Smartcontract. automatically verify and enforce agreements without intermediaries. All information about #transactions and smart contracts is publicly available on the blockchain.

Financial platforms in #Russia grew significantly in terms of the number of clients last year, but not in monetary terms. The number of users increased eightfold, while the volume of transactions increased only 1.5 times (according to data from the #CentralBanking ).

The idea behind these platforms is to simplify financial companies' access to their audience and replace remote service channels.
In practice, only 6.6% of the adult population opened deposits through marketplaces, 5.5% took out loans, and 3.7% purchased insurance.

Currently, there are 10 operators of financial platforms in the Central Bank's registry. Besides the familiar Finuslugi, Sravni, and Banki.ru, they include VTB Registrar, #ONLY_BANK , Open Financial Marketplace, Finfort, Vanta, Unified Financial Solutions, Financial Platform, and Universal Financial Technologies. The latter was included in the registry at the end of June 2024.
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❗️The Central Bank has formulated rules for foreign cryptocurrency holders.
Formally, the document aligns with global compliance and KYC practices in the financial sector.

According to the document, only those foreign companies that are legally permitted to own and manage securities and property in their country can store cryptocurrency.

These companies must provide Russian platforms (information system operators, ISOs) with information about their clients, both individuals and legal entities.

#BinanceTurns7 #only_bank #bnb

SPB Exchange plans to participate in the EPR for conducting cryptocurrency trading.

Last year, the Central Bank included it in the register of information platform operators for issuing digital financial assets (DFA).

Due to the introduction of the concept of foreign digital rights in the newly adopted mining law, which can be applied to most cryptocurrencies, and due to the previously adopted law on international settlements using DFA, it can be said that settlements using cryptocurrency will be organized through information system operators (organizations authorized to issue DFA), according to Denis Polyakov, GMT Legal.

#ONLY_BANK #TradingShot #aml #bank #Russia