Russian no-KYC crypto exchanges continue to emerge, but inflows decline, Chainalysis says

Russian cryptography trading platforms No-cycles do not reappear despite repressions, often as renamed versions of arrest platforms.

New Russian-The exchanges of crypto-cycs of the language continue to emerge to replace those which are closed, despite repeated repressions, according to the analysis channel of the medico-legal company of the blockchain. While more platforms appear, overall entries have decreased, suggesting that American and international sanctions have an impact, said the firm in a February 19. blog.

The newly invoked platforms generally operate in Russian and often work with sanctioned Russian banks, according to the analysis channel. However, they generally lack details of incorporation or registration, which makes it difficult to determine their legal jurisdiction.

The analysis chain did not provide exact figures on the emergence of new platforms or changes in their volumes, but the company’s graphic suggests that more than 100 Russian kyc platforms were active in 2024, with more $ 1.5 billion of value received.

In early February, the Russian telecommunications watchdog Roskomnadzor Blocked access In Bestchange, one of the largest free crypto aggregators in the counter in Eastern Europe and Russia. The prohibition occurred almost six months after Russia introduced a new law on the announcements of Bitcoin and crypto exploitation. The law blocks announcements for digital assets and everything that helps move cryptography, including services that allow users to transfer it using Russian infrastructure.

Meanwhile, Bitcoin (BTC) Minors in Russia are not delighted About a new government register that collects sensitive data, including cryptographic portfolio addresses, under new rules. If he is disclosed, it could be a “great gift to our geopolitical opponents”, warned Anton Gorelkin, a Russian legislator supervising the information policy.