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efforts, the experimental legal regime will be tested with interested market participants. Cryptocurrency is not used as an instrument of payment in the Russian Federation

customers’ money under the guise of high-yield investments into agriculture, energy and cryptocurrency. In 2021, fraudsters mostly masked phishing websites as websites of real credit

payments in cryptocurrencies and forex fraudsters promised their customers access to the cryptocurrency market. ‘The increase in the number of identified illegal lenders is primarily

No.2 (21) • Q2 – Q3 2022 Appendix Appendix 2. Cryptocurrency market trends The capitalisation of the cryptocurrency market has fallen from a peak value of

the free circulation of cryptocurrency as an investment instrument inside the country, then inevitably, when more people start to hold it, cryptocurrency will be used

regularly monitor cryptocurrency trends, in- world’s leaders by mining capacity. cluding by communicating with the regulators Cryptocurrency adoption poses serious of foreign cryptocurrency exchanges

really a key factor which we watch very closely. Now on to cryptocurrency. Our position is that we are open to a discussion about how

capital outflows. Stock markets volatility have led to a collapse in the cryptocurrency market. According to CoinMarkertCap, on 12 May 2022, bitcoin dropped below $27,

to transfer funds to illegal online casinos, forex dealers, financial pyramids, and cryptocurrency exchange kiosks. To ensure more convenient communication between banks and people, the