Serguei Mendeliev Discusses Pressure from Law Enforcement and USDT Blockages

«Raids on currency exchange offices often stem from client issues. However, law enforcement frequently struggles to distinguish between legitimate businesses and fraudulent ones. I myself was once pressed face down to the ground, despite the fact that we operated strictly within legal boundaries,” he stated.

The expert emphasized that the freezing of Garantex’s USDT accounts has set a precedent:

“Previously, Tether was only frozen for terrorists or drug traffickers. Now, anyone on the sanctions list is at risk. There are ways to navigate around this, but discussing them is off-limits, or else those options will be shut down too.”

He also highlighted the cryptocurrency ruble—an instrument designed to simplify cross-border payments:

“This is not a method to evade sanctions, but rather a business tool. It allows for the transfer of millions from Vladivostok to Moscow in seconds, bypassing banks and their inquiries related to federal law 115-FZ.”

In conclusion, Mendeleev expressed confidence that the central bank’s restrictions would not hinder the industry:

“Cryptocurrency does not pose a threat to the ruble. On the contrary, it assists businesses in surviving. However, regulators fall for myths—believing that bitcoins are used to buy drugs. I personally demonstrated to an official that payments on ‘Hydra’ are made through Qiwi, but it made no difference.”

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