Moscow State University develops algorithms for tracking crypto transactions

• Methods for tracking cryptocurrencies were discussed at Moscow State University.
• Russian financial intelligence has developed “somesets of algorithms ".
• Details remain unknown.

Moscow State University has found a way to track transactionscryptocurrency. This opinion was expressed in an interview with the Rossiya 1 TV channel by Kirill Gadzatsev, head of the Center for Financial Monitoring and Global Economics at the Faculty of Global Processes at Moscow State University. M.V. Lomonosov.

According to him, within the framework of the international conference, representatives of analytical centers were able to find "some approaches" that would allow them to understand the beneficiary of the transactions.

“We are talking about some sets of algorithms,which allow not completely deanonymize, but grope for certain approaches and understand who the sender is, who is the recipient, and for what purposes the cryptocurrency funds are directed ", - said Gadzatsev.

What exactly is the essence of the algorithms and howthe way the tracking system works, Gadzatsev did not elaborate. However, it is expected that the Russian financial intelligence will publicly present the essence of the approach on September 10.

The TV channel also reported that the joint task oftracking of cryptocurrencies also applies to Rosfinmonitoring. It is noteworthy that in early August, Rosfinmonitoring ordered a “module for monitoring and analysis of cryptocurrency transactions using Bitcoin” from the Sber-controlled company RCO. The department allocated ₽14.7 million for development.

At the same time, at the end of February, the head of the department, YuriChikhanchin presented the “Transparent Blockchain” mechanism to Russian President Vladimir Putin. As Chikhanchin stated then, the development will help to see all the movements with cryptocurrency. Moreover, the technology is supposedly capable of “revealing” the true beneficiary. However, since then the details of the development have remained unknown.

We will remind, in the middle of August, the PresidentRussian Federation, Vladimir Putin approved a plan to combat corruption for 2021-2024, which, among other things, affected cryptocurrencies. The Kremlin intends to form a mechanism for identifying cryptocurrency savings from Russians. The document states that the Ministry of Finance, the Ministry of Labor and Social Protection, the Ministry of Digital Development, Communications and Mass Media, as well as the Central Bank of Russia must propose a plan to verify data on cryptocurrency ownership by November 15, 2021.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

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Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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