Crypto Crimes Surge in Russia, Central Bank Reports
In a stark revelation, Russia's Central Bank has issued a report indicating a significant increase in crypto-related frauds in the country. The year 2023 has seen a notable shift in the landscape of financial fraud, with cryptocurrencies becoming the primary tool for orchestrating almost all pyramid schemes and illegal brokerage activities. This nefarious trend marks a considerable deterioration from 2022, where only half of the pseudo-investment projects were linked to cryptocurrencies.
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