Regulation· ★★★· bearish·

Russian banks and central bank target USDT scheme: buy in CIS, sell cash in Russia

  • —Scheme involves buying USDT in CIS countries and selling it for cash in Russia
  • —Market participants describe the scheme as "formally legal"
  • —The central bank and banks flag money-laundering risks
Why it matters: Pressure on USDT P2P channels could complicate on- and off-ramps in Russia and curb cash stablecoin turnover.
Source: vc.ru Крипто