Central Bank of Russia worried about cryptocurrency scams going offline.
The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand.Financial pyramids and illegal forex dealers in Russia, many of which now specialize in offering crypto investment and settlement opportunities, are moving offline, the daily Izvestia reported quoting the Central Bank of the Russian Federation .
They also warn that sharing information with dubious platforms often leads to loss of funds, either fiat or crypto. The trend of going offline indicates that scammers are preparing for a larger demand as Russians’ access to global financial assets has become extremely problematic, the report notes.
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