The cryptocurrency exchange aggregator BestChange has restricted ruble operations for 95 services. Nikita Zuborev, an analyst at the platform, explained to ForkLog the reasons and potential consequences of these measures.<\/p>\n
The restrictions were prompted by suspicions of the “white triangle” scheme and user complaints about bank card blockages.<\/p>\n
In this scheme, an exchange transfers one client’s details to another for direct transfer. The service does not process the payment itself and does not verify the origin of the funds.<\/p>\n
According to the expert, the aggregator identifies suspicious services by several indicators: inflated rates, payments through unverified processors and P2P platforms, and the splitting of large transfers into smaller ones.<\/p>\n
The platform also considers client complaints about temporary card blockages. Zuborev added that each case is investigated separately to avoid fake complaints and “competitive wars.”<\/p>\n
The restrictions have not significantly harmed competition on BestChange, the analyst believes. The platform has enough services offering competitive rates.<\/p>\n
However, Zuborev predicted an increase in risks on cryptocurrency exchange P2P platforms. In his view, “grey” processors might move to these markets, increasing the likelihood of interactions with unscrupulous participants.<\/p>\n
\n“Users who do not care about the purity of funds are likely to get a better exchange rate than before,” he noted.<\/em><\/p>\n<\/blockquote>\n
Recommendations for Exchanges<\/h2>\n
Zuborev noted that AML<\/span> practices for fiat operations are almost absent in the market due to the complexity of their implementation.<\/p>\n