The main crypto life of our country is concentrated in Moscow City. Most of the large crypto exchangers, P2P services and arbitrageurs also settled there. Today there are more than a hundred of them. According to the most conservative estimates, the average monthly turnover of each is 500 million rubles. In total, at least 50 billion rubles a month are turned over within the walls of Moscow City. At the same time, the activities of these businesses are in a “gray” zone and are practically unregulated.
This article is the first in a series of investigations into the activities of crypto industry players in Moscow City, conducted by the Cheka-OGPU. 
No mandatory KYC
There are only a small percentage of crypto exchangers that carry out a full KYC procedure (from the English “know your customer”), i.e. require mandatory identification of real, not nominal clients. Most understand perfectly well that KYC is passed through by so-called “drops”, random people who have bank cards issued for transferring or accepting rubles, or they do without checks at all and allow cryptocurrency conversion in a completely anonymous mode. At the same time, the “droppers” are often found to have passports of several countries at once, including Western ones. And this leads to a number of problems that should have been solved long ago.
Tax evasion
In fact, all money received on an individual’s bank card (usually a drop) can be equated to income and, accordingly, taxed at a rate of 13%. It is quite possible for any bank issuing a bank card to track the ownership of the card to a particular individual and transfer this information to the Federal Tax Service. Only for this, the Federal Tax Service should become concerned with the activities of crypto exchangers and begin to control the circulation of their funds. Even with very rough calculations, lost budget revenues from the activities of crypto exchangers are estimated at approximately 6.5 billion rubles per month. Technically, tracking transfers from exchangers is not so difficult; you only need a desire, which, for unknown reasons, no one has.
Transfer of assets abroad
The activities of exchangers in the City also include so-called “rearrangements”, which essentially help to withdraw capital from the country, which the Central Bank seems to oppose. The mechanics here are simple. The client converts money (often obtained through not entirely legal means) into crypto, the crypto is transferred to the partner of the exchanger in the desired (often not at all friendly) country, and there the money suddenly ends up in the accounts of the desired individual or legal entity. Due to the fact that the clients of such “rearrangements” are mainly very high-ranking citizens, no one conducts any checks on such activities, although they directly violate the interests of our country.
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To be continued with all the evidence of the chaos going on in the City and an analysis of the activities of crypto exchangers using live examples follows…
“ВЧК ОГПУ”
