Regulation· ★★· bearish·

Russian Interior Ministry names three main uses of crypto: drugs, gambling and cross-border laundering

  • —Ministry identified three areas: drugs, online casinos and cross-border transfers
  • —Anonymity, cross-border reach and decentralisation cited as key factors
  • —Only 18 deepfake-related crimes registered in 2025 and H1 2026 versus 478,831 fraud cases
  • —Bank of Russia has recorded no confirmed fraud cases involving the digital ruble
Why it matters: The ministry's stance adds pressure on unregulated crypto activity in Russia and could accelerate restrictive measures.
Source: CoinSpot
More on this
Regulation · Sep 22
Russia's Finance Ministry: Over 10 Million Russian Crypto Wallets Held Abroad
 Security · yesterday
China and Hong Kong bust cross-border underground banking ring using crypto
 DeFi · Sep 23
Stablecoin cross-border flows jump 78% despite crypto bear market