More than half of the financial pyramids identified in the Russian Federation in the first quarter of 2022 were associated with investments in digital currencies. This was stated by the head of the department of the Central Bank of the Russian Federation to combat unfair practices, Valery Lyakh writes TASS.

According to him, the plans have gained new momentum amid financial uncertainty, based on investments in so-called digital tools and crypto assets. More than 58% of such pyramids identified during the reporting period are associated with cryptocurrencies.

Lyakh also noted the growing popularity of “save money” offers in foreign countries.

“Restrictions on international payments have become fashionable to persuade a person to transfer money to an intermediary person’s personal account by phone number,” he said.

Recall that at the end of last year, the Central Bank of the Russian Federation also noted that more than half of the pyramid schemes operating on the Internet raise funds in cryptocurrencies or offer investments in various non-existent digital assets.