USDT cash arbitrage worth hundreds of millions of rubles a day is being cut off at the source, as Russian banks directly shut down the transfer channels! The process is fairly simple: buy USDT in Belarus or other CIS countries, then sell it for cash in Russia at a premium of at least 2%. The central bank and commercial banks say the source of the funds is unclear and the money-laundering risk is high, and have begun blocking transfers to Belarusian exchanges. Getting the restrictions lifted is almost hopeless. The irony is that the practice has been described by industry insiders as “technically legal,” and USDT was just included among the three cryptocurrencies available to Russian retail investors—just as the front door cracks open, the cash back door is welded shut. Do you think this is about curbing money laundering, or forcing funds through licensed channels? Comment 1 if you support tighter restrictions; comment 2 if you’re worried ordinary users will be caught in the crossfire.
$USDT $BTC $ETH
#USDT #稳定币监管 #Russia
(Source: Cryptopolitan/RBC)
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