First Deputy Chairman of the Bank of Russia: Blockchain is not a panacea, and cryptocurrency is not money – Disposable mail news

First Deputy Chairman of the Bank of Russia Olga Skorobogatova said that blockchain is perfect for letters of credit and guarantees because it solves the problem of trust. However, this is not a universal technology for all occasions.

According to her, many people overestimate the advantages and prospects of blockchain technologies. As negative aspects of cryptocurrencies, the banker noted their high level of volatility, lack of guarantees for saving investments, and the possibility of their use for money laundering and terrorist financing.

This position of the Central Bank of the Russian Federation was one of the reasons for the delay in the adoption of the bill on digital financial assets, which should become the main legislative act regulating the cryptocurrency industry. Recently it became known that the adoption of the law is being postponed due to the coronavirus pandemic.

Despite the rejection of cryptocurrencies, Olga Skorobogatova spoke positively about stablecoins.
“We believe that this is a more reliable type of crypto-assets since they are provided with real assets and give users certain guarantees,” she said, adding that in order to protect consumers, it is necessary to effectively regulate this sector at the global level.

The Central Bank is actively collaborating with other regulators regarding stablecoins and coins such as Libra. According to Skorobogatova, many Central Banks are actively studying the possibility of creating a national digital currency, and the Central Bank of the Russian Federation is no exception in this regard, but at this stage, the authorities have more questions than answers.
In particular, she does not yet see what real benefits the digital currencies of the Central Banks (CBDC) will bring to the economy, people and business.

It is worth noting that the beginning of the pandemic of coronavirus infection served as a kind of trigger for the introduction of remote voting. This was recently stated by the political party United Russia” For this purpose, an electronic voting system based on blockchain technology has been developed. Experts believe that this will reduce the negative effect of the quarantine regime, which has somehow slowed or stopped the political activities of most other parties, not only in Russia but also in the world.


Temp Mails (https://tempemail.co/) is a new free temporary email addresses service. This service provide you random 10 minutes emails addresses. It is also known by names like: temporary mail, disposable mail, throwaway email, one time mail, anonymous email address… All emails received by Tempmail servers are displayed automatically in your online browser inbox.

The issue and circulation of cryptocurrencies will be banned in Russia – Disposable mail news

On March 16, a Representative of the Bank of Russia, Alexey Guznov, announced a possible ban on the issue and organization of cryptocurrency circulation in the territory of the Russian Federation. As noted in the bill on digital financial assets, the issue and circulation of cryptocurrencies in Russia carry an unjustified risk. The bill prohibits the issue and circulation of cryptocurrency in Russia and introduces responsibility for violating the ban.

Mister Guznov noted: “The position of the Bank of Russia remains unchanged. We believe that there are great risks when legalizing the circulation of cryptocurrencies.” Risks arise for financial stability and the anti-money laundering system, and consumer protection will also suffer.
The Central Bank objected to legalizing cryptocurrency as a “tool” and an object of circulation, said mister Guznov.

Some experts suggested that cryptocurrency should be treated as a foreign currency and its issuance and circulation should be regulated in the same way.

The authorities replied that they did not intend to ban the ownership of the digital currency. The bill only prohibits the issuance and circulation of cryptocurrencies and introduces liability for violation of this ban.

It is absolutely impossible to ban cryptocurrencies and mining, said Yuri Brisov, a member of the Commission for the Legal Support of the Digital Economy. He is sure that such measures will become an obstacle to the development of the blockchain industry in the Russian Federation.

“The ban on mining and cryptocurrencies will lead to the complete decline of the blockchain industry. For this reason, all developed countries, although they understand the risks associated with money laundering, tax evasion, do not ban cryptocurrencies and mining; to ban today means to limit the potential for economic growth and technological development of their country,” said Brisov.

It is important that legal regulation in Russia does not hinder the development of new technologies.
Earlier EhackingNews reported that Russian law enforcement agencies, together with the Ministry of Internal Affairs, to prepare proposals for the arrest of cryptocurrencies by 2021.

Recall that in 2018, President Vladimir Putin said that Russia should “carefully and cautiously” monitor the sphere of cryptocurrencies. At the same time, the position of the Central Bank of Russia was that electronic money can not be a means of payment.


Temp Mails (https://tempemail.co/) is a new free temporary email addresses service. This service provide you random 10 minutes emails addresses. It is also known by names like: temporary mail, disposable mail, throwaway email, one time mail, anonymous email address… All emails received by Tempmail servers are displayed automatically in your online browser inbox.

Kaspersky Lab reports North Korean Hacker group Lazarus stealing cryptocurrencies using the Telegram messenger – Disposable mail news

A group of hackers calling themselves Lazarus modified their previous scheme to steal cryptocurrency which was used in 2018. Hackers use more effective tactics and act more carefully. According to Kaspersky Lab, now, not only users of the macOS operating system are at risk but also users of Windows.

Presumably, Lazarus hackers use malware that runs in memory and not on hard drives allowing it to remain undetected. The researchers believe that the group uses Telegram to spread the virus.

The new Lazarus attack was named Operation APpleJeus Sequel, which follows APpleJeus attack conducted in 2018. Principle of cryptocurrency theft remains the same as before: fake cryptocurrency companies are used to attract investors. The websites of these companies contain links to fraudulent

Telegram trading groups, through which malware that infects Windows computers is distributed.
Once the system is infected, attackers can gain remote access to it and steal the cryptocurrencies stored on the device. So far, researchers have been able to identify many victims of the new fraud across Europe and in China. A representative of Kaspersky Lab reports that it is known about the victims from Russia, China, Poland and the UK. At the same time, they include both individual traders and companies whose activities are related to cryptocurrency.

Kaspersky noted that currently, hackers from Lazarus have suspended their campaign using the messenger, but researchers suggested that in the future, attackers will use even more advanced methods.

Earlier, a closed UN report reported that North Korea finances the development of weapons through digital and Fiat currencies stolen from banks and cryptocurrency exchanges. Last fall, Group-IB said that a North Korean group of hackers stole $571 million in cryptocurrencies.


Temp Mails (https://tempemail.co/) is a new free temporary email addresses service. This service provide you random 10 minutes emails addresses. It is also known by names like: temporary mail, disposable mail, throwaway email, one time mail, anonymous email address… All emails received by Tempmail servers are displayed automatically in your online browser inbox.