Russian No-KYC Cryc Crypto trading platforms reappear despite crackdown, often as rebranded versions of the shut-down platform.
According to the blockchain forensic firm Channelisis, despite the repeated crackdowns of the new Russian-language no-KYC Crypto exchanges, they emerge to change those shuts. While more platforms are visible, the overall flow has declined, using us suggests and the impact of international sanctions, the firm said on 19 February. blog post,
New platforms usually work in Russian and often work with approved Russian banks, calling Channelis. However, they usually have a lack of incorporation or registration details, making it difficult to determine their legal jurisdiction.
Channelis did not provide an accurate number on the emergence of new platforms or changes in their volume, but the graph of the firm shows that in 2024 more than 100 no-KYC Russian platforms were active, which was more than $ 1.5 billion in the value received in the received price received, which received more than $ 1.5 billion Was.
In early February, Russian telecom watchdog Rosomnadzor blocked access to Bestaches, one of the largest crypto over-the-counter agols in Eastern Europe and Russia. The ban was received about six months after Russia introduced a new law on bitcoin mining and crypto advertisements. The law blocks advertisements for digital assets and anything that helps to move crypto, including services that allow users to move it using Russian infrastructure.
Meanwhile, Bitcoin (BTC) miners in Russia are not thrilled about a new government registry, scooping sensitive data, including Crypto Wallet Address, under the new rules. If leaked, it can be “a great gift for our geopolitical opponents,” a Russian legalist warned Anton Gorechin, who oversees the information policy.
