Russian Police Warn of Scams Targeting Crypto Traders in $130 Billion Market

Russian authorities have issued a warning about scams targeting cryptocurrency traders in the country's $130 billion annual market. According to NS3.AI, the Interior Ministry highlighted that fraudsters are increasingly posing as platform intermediaries or support staff to deceive victims into transferring fiat currency or cryptocurrency. In response to these fraudulent activities, Moscow is planning to implement new crypto regulations this year, which will include a yearly purchase cap of approximately $3,850. This cap may lead to an increase in peer-to-peer trading activities.