Central Bank of the Russian Federation: fraudsters in Russia rarely withdraw funds in cryptocurrencies

In Russia, attackers rarely withdraw stolen money using cryptocurrency, said Artem Sychev, first deputy director of the information security department at the Bank of Russia, in an interview with TASS.

In particular, he noted that fraudsters much more often prefer to just cash out, rather than use digital assets.

“In the Russian Federation this is used extremely rarely. Yes, sometimes cryptocurrencies are used to withdraw funds, but now it is not massive, because it is much easier for an attacker to get cash, ”Sychev said.

He also noted that the central bank carefully monitors the methods used by attackers to withdraw the stolen money.

“It is not so important what technology will be developed in the near future – artificial intelligence or robotization. For us, it is more important to understand what technologies and methods an attacker can use not just to attack, but also to withdraw money. Our vector of attention will be paid precisely in this direction, ”the representative of the central bank emphasized.

Earlier, the central bank of the Russian Federation called cryptocurrencies a game and opposed their inclusion in the monetary system, but recently the head of the Central Bank Elvira Nabiullina said that the regulator is considering the possibility of launching its own digital currency.

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