After September 1, illegal crypto exchangers may not close down, but simply change their operating format. According to Yevgeny Masharov, a member of the Public Chamber, some of these points are preparing to disguise themselves as financial consulting centers, continuing to actually exchange money for cryptocurrency.
The scheme may look quite official: an office, a contract for consulting services, and vague wording without clear obligations to the client. In reality, Masharov believes, they will continue to conduct their usual cryptocurrency operations inside.
He paid special attention to "Moscow City". Such centers may remain in the same locations, using expensive offices as an element of trust. According to him, employees may already be preparing separate scenarios for inspections and visits by "mystery shoppers".
The reason for the restructuring is a new law that, starting September 1, introduces rules for crypto exchangers, digital depositories, and other market participants. Those who do not want to work legally will either have to leave or find ways to hide their former business under a different guise.
The Public Chamber promises to track such companies through advertising, social networks, and media publications. Information about possible violations is planned to be submitted to the FAS, Roskomnadzor, the Prosecutor's Office, the Ministry of Internal Affairs, and the FSB.
Read more on the topic:
- Crypto exchanges want to be brought out of the shadows: Rosfinmonitoring insists on licenses and control
- It will be possible to legally buy cryptocurrencies as early as November: The Central Bank is preparing rules for the first operations
- CBR Reveals Details of Future Cryptocurrency Regulation: Unlicensed Operations to Become Illegal from 2027