#CryptoRegulation
A law has come into force in Russia limiting the maximum amount of transfers between individuals (drops or droppers) to 100,000 rubles per month, who have been included in the Bank of Russia's database of fraudulent operations.
If a person is included in this list, banks must impose a transfer limit for them. When such a client wants to make a transfer exceeding 100,000 rubles, they will need to visit a bank branch with an identification document. There may also be a suspension of the card's use and online banking.
Experts told 'RBK-Crypto' how the new law will affect cryptocurrency operations of Russians and how events may unfold further.
'Choose the lesser of two evils'
The database of the Central Bank 'On cases and attempts to effect money transfers without the voluntary consent of the client' is updated regularly, and this has already affected the entire so-called Russian crypto exchange, said Andrey Tugarin, founder of the legal company GMT Legal.
He explained that data enters this database from both banks and the Ministry of Internal Affairs. The consequence of being included in the Central Bank's database is the blocking of the use of payment cards and online banking.