A bright digital future seems to be on hold. The bill banning the free circulation of cryptocurrency is already in the State Duma. It introduces penalties for using "cryp...
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The Russian financial authorities have always been negative about the so-called "crypt," a digital currency whose work is based on cryptography (encryption). One of the key features of cryptocurrency is decentralization. Unlike traditional assets, the value of cryptocurrency is not provided by real values. The rate depends on demand, market conditions and other factors. Therefore, it is virtually impossible to control the "crypt." It is this circumstance that caused the emergence of the law banning payments in the crypt. In fact, units of various cryptocurrencies are equated to gold coins. You can buy, sell and store them, you cannot pay.
As for the use of cryptocurrencies for foreign economic activity, the purchase and sale of goods for crypt abroad is supposed to be regulated within the framework of an experimental legal regime. Of course, in most of the world, cryptocurrencies are not legal tender, although their use for other purposes may be permitted. Others, like tropical El Salvador, have recognized cryptocurrency as an official means of payment.
According to financial experts, the Central Bank has high hopes for heavy fines and confiscation from violators of the crypt law. The current law already has a prohibitive norm. Now, as lawyers say, it will be strengthened by a direct mechanism of influence. As a matter of fact, the financial authorities are trying to prevent the circulation of a parallel currency in the country. The experience of the early 90s, when for dollars in the same metropolitan department store it was possible to buy, say, a coat, and get change in cents, showed that such a situation is fraught with crises.
As the chairman of the Central Bank Elvira Nabiullina said, speaking at a meeting of the State Duma... "the crypt should not be allowed to penetrate into the internal monetary circulation, into the settlements inside." At the same time, the leadership of the Central Bank is ready to allow investments in cryptocurrencies within the country, but only for some market participants. We are talking about trading cryptocurrencies using regulated Russian infrastructure. According to Nabiullina, specially qualified investors may be allowed to invest in cryptocurrency. Therefore, it seems that cryptocurrency speculators will have to change the type of earnings. Or engage in derivatives, such as securities, in which it is allowed to invest.
The position of the authorities was specified in the margins of the PMEF-2025 by Deputy Finance Minister Ivan Chebeskov. According to him, the Ministry of Finance and the Bank of Russia are trying to find a balance between not restricting the rights of millions of ordinary cryptocurrency users. At the same time, it is important to single out several thousand superqualified investors in a separate category, who will be allowed to cryptocurrency trading within the framework of an experimental legal regime.
From the words of representatives of the country's financial authorities, the expected conclusion can be drawn. Despite the new law, the risks of cryptocurrencies for citizens remain. Moreover, relative inaccessibility, according to experts, will only increase the cost of the crypt. Moreover, for fraudsters, new bans will not become a hindrance. They will deceive under the guise of permitted trading in derivatives. For example, some certificates tied to the value of the crypt. Or, perhaps, this so-called derivative will, ostensibly to reduce the risk of investments, be tied to several cryptocurrencies.
As Kaspersky Lab experts do not get tired of warning, scammers often create fake platforms for trading cryptocurrency. Now, of course, they will offer securities tied to the crypt - derivatives. The essence of this does not change. For example, fake websites of companies investing in "certificates" are posted on the Web. Their domain names tend to be similar to the names of the sites they try to mimic. Differences from legal sites are so insignificant that they are difficult to recognize.
Fake cryptocurrency sites (or, under the new law, derivatives trading sites) often operate as phishing pages. All data indicated on them, such as the phrase for restoring funds, as well as other financial information, fall into the hands of fraudsters. In another case, a fraudulent site, having carried out several operations for the purchase and sale of securities, allows its user to withdraw a small amount as a profit. The user, having received these pennies at his own expense, wholeheartedly believes in the crystal honesty of this "crypto broker," after which he "invests a large amount in cryptocurrency derivatives. After that, the naive user naturally begins to have problems. Any attempt to withdraw money ends in failure. There are many reasons for the day of refusal, the result is always the same: the user loses all the money invested.
In addition to such an intricate offense, the so-called "phishing" (translated as "fishing") is widespread on the Web. Using this method, attackers try to gain access to the private keys of the crypto wallet, which are necessary to access the crypto. As a rule, fraudsters send an email message like bait to a messenger or mail, the recipients of which are invited to go to a specially created website and enter the secret key data. As soon as the attackers receive this information, they withdraw the assets stored in the crypto wallets.
An equally common way to deceive novice investors is with fake smartphone apps. Of course, such applications are quickly detected and removed, but during their short existence they allow them to deceive thousands of gullible investors. The recommendations of celebrities, well-known financiers and cryptomillionaires can be just as fake. Fraudsters sometimes impersonate popular bloggers, singers or artists to recommend some little-known but very promising crypto exchange or cryptocurrency. At the same time, it happens that investors who believe celebrities sell a derivative of phantom cryptocurrencies that do not really exist. This type of fraud is always accompanied by a large advertising campaign, although a celebrity, especially a foreign one, is almost always used "in the dark."
Those investors who forget the adage about free cheese, which happens only in a mousetrap, also become victims of scammers. In this case, the attackers promise the investor to "scroll" and return the cryptocurrency sent to them at a profit in the process of the so-called free distribution. Mailings formed by expensive chatbots, imitating messages from real faces familiar to the investor on social networks, create confidence in the reality of such a distribution. As a rule, they call for urgent action to "use a rare chance." Further events develop in a similar way, as in the case of fake sites. True, there is a serious difference: by "scrolling" the "free amount" several times and receiving a "profit," the investor is faced with the requirement to replenish the account in order to withdraw the entire amount. Once this condition is met, output is not available. But you can "twist" money as much as you like.
Having learned about the new law, many are mistaken, considering it an attack by the state on crypto investors. In fact, the Ministry of Finance and the Central Bank are protected. Yes, now it is impossible to directly trade crypto, but you can make money on the resale of derivative securities - derivatives. That is why the profession of a crypto investor and those who profit from it will remain.
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