Cryptocurrency brokers and pyramids are blacklisted by the Bank of Russia – Bits Media

The Central Bank of Russia has published a "black list" of 1820 financial institutions, illegally working on the territory of the Russian Federation. Several cryptocurrency companies got into it, mostly dubious.

According to the statement of the Bank of Russia, to provide Financial services in the Russian Federation, Organizations are obliged to receive a permit of the Central Bank for this. If the companies do not have an appropriate license, They work in the country illegally and pose a threat to users.

Thanks to a special monitoring system, The Central Bank of Russia discovered 1820 organizations with signs of a financial pyramid, illegal creditor and illegal professional participant in the securities market.

The “black list” of the Bank of Russia did not get popular cryptocurrency exchanges, However, it contains the following companies, working with cryptocurrencies: Crypto Inс, Crypto Invest, Crypto Security, Crypto-Max, Secret Сrypto Deals, Post Cryptum Tech, Cryptobase inc, Cryptobull, CRYPTOHANDS, CryptoKS, Crypton Broker, CRYPTONODE, CRYPTOON, ETHCoinOn, CRYPTOBITEX, CRYPTONATOR, Crypto CX, Crypto Capital Pro, Imperial Crypto Market, TradeallCrypto, CryptoCX, Grandeur Bitcoin Project и MMM bitcoin. The list also contains well -known brokerage companies: Interactive Brokers, Forex Club и Alpari.

The Bank of Russia took measures to block sites of all these companies, interacting on this issue with law enforcement agencies and international regulators. The Central Bank of the Russian Federation warned, that faces, affected by organizations, illegally working in the financial market, will not be able to count on compensation for material damage. Therefore, the regulator called users to work only with licensed financial services providers, To avoid cash losses.

Last year, the First Deputy Chairman of the Bank of Russia Sergey Shvetsov said, that the Central Bank does not consider investments the purchase of cryptocurrencies, since their value is determined only by demand and supply.