Sergey Mendeleev spoke about the pressure from security forces and USDT blockages

The lack of clear regulation is one of the key reasons for pressure on the crypto business in Russia. This was stated by Exved CEO Sergey Mendeleev during the "Podcast Society" on the ForkLog YouTube channel.

"Raids on exchange offices are often a consequence of client problems. But law enforcement does not always distinguish between legal business and fraud. I myself was once put face down on the floor, even though we were strictly operating within the legal framework," he noted.

The expert emphasized that the blocking of USDT accounts at Garantex has set a precedent:

"In the past, Tether was only freezing accounts of terrorists or drug traffickers. Now, anyone on the sanctions list is under fire. There are workarounds — but they cannot be discussed, otherwise, they will be shut down too."

He paid special attention to the crypto-ruble — a tool designed to simplify cross-border payments:

"This is not a circumvention of sanctions, but a tool for business. It is possible to transfer millions from Vladivostok to Moscow in seconds, bypassing banks with their questions regarding 115-FZ"

In conclusion, Mendeleev expressed confidence that the central bank's bans will not stop the industry:

"Crypto does not threaten the ruble. On the contrary, it helps businesses survive. But regulators believe in myths — supposedly, drugs are bought with bitcoins. I personally showed an official that payments on 'Gidra' are made through Qiwi, but it changed nothing."

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