Investor Names Condition for Effective Protection Against Crypto Scammers
An investor outlined conditions for effective protection against crypto scammers. A proposed bill introducing a 48-hour "cooling-off" period for withdrawing over 100,000 rubles to external crypto wallets or transferring over 300,000 rubles to third parties will not provide complete protection from fraudsters. While such a measure could reduce impulsive transfers, criminals can adapt their schemes to new limits, for example by splitting large transactions into smaller ones below the threshold.
According to the expert, the main benefit of the pause is undermining the artificial urgency created by scammers who pressure victims psychologically. The two days allow a person to consult their bank, talk to relatives, or calm down. However, the cooling-off period alone is not a universal solution. An effective system should analyze a combination of risk factors: the transaction amount, the history of previous transfers, whether the wallet address is new, its ownership, and the device used for the operation.
The expert suggested creating a mechanism for trusted wallets. Once a user verifies ownership of an address and adds it to a whitelist, subsequent transactions could proceed without constant delays, protecting users without hindering legitimate investors. A significant concern is the 48-hour delay's impact on the crypto market, where exchange rates can fluctuate noticeably within two days, imposing market risk on businesses or portfolio management. The expert concluded that the cooling-off period can reduce impulsive transfers and save some people, but it will only be effective as part of a smart, adaptive system, not as a rigid barrier for all transactions.
cryptonews.ruHace 1 min(s)
