Scammers in Russia Sell Crypto Licenses for 30–50 Million Rubles
- —Bank of Russia opens license applications on October 5, 2026 for exchanges, exchangers and digital depositories
- —Regulator published two roadmaps: a simplified and a general approval track
- —Simplified track is open to banks, brokers and EPR participants holding status as of September 1, 2026
- —Scammers offer turnkey licenses for 30–50 million rubles, some take prepayments and vanish
Why it matters: Russia's licensing rollout exposes market participants to losses from fraudulent intermediaries promising fast-track approval.
Source: BeInCrypto RU