Bank of Russia Lists Crypto Companies Among Financial Pyramids

Bitcoin.com | Sep 24, 2021 at 12:00 PM
  • The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities.
  • Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers.
  • The bank reminded the public that in order to offer most financial services in the Russian Federation, providers are required to obtain a license from the central bank or register with the regulator.