Zheleznyak announces date for upcoming drops competition
Here's the rewritten article:
Yaroslav Zheleznyak, the Deputy Chairman of the parliamentary financial committee, sparked some controversy with a post on his Telegram channel. In it, he announced that an upcoming meeting will focus on the use of P2P transfers in illicit marketplaces, particularly for payments on clandestine casinos. Additionally, the National Bank's initiative to restrict card-to-card transfers will also be under discussion.
Zheleznyak noted that the notorious "dropping" scheme is in use not just by the underground gambling scene, but also by a multitude of other shady characters. Previously, he had referred to "dropping" as one of the primary avenues for moving money through companies operating in the black market.
Check out the latest news on the gambling biz in Ukraine and beyond on sporting.net.
Some context on the situation
Currently, financial transfers and illicit activities have been making headlines in Ukraine. While specific debates about the "dropping" schemes employed in the black market aren't directly mentioned, the nation has been actively working to regulate its financial sectors, cracking down on money laundering and financial irregularities that could potentially impact unlawful activities like unlicensed gambling establishments.
On a related note, the National Bank of Ukraine (NBU) has declined to extend the regulatory restriction of UAH 150,000 per month for individual peer-to-peer (P2P) transfers. This means that individuals can now perform larger transfers without these specific caps.
Regarding the issue of card-to-card transfers and the "dropping" scheme, there's no specific information available beyond the P2P transfer regulation mentioned earlier. In an illicit context, "dropping" refers to a tactic used to distribute cash or funds through small, frequent transactions, designed to evade detection.
Ukraine has also formalized the legal status of digital assets, including cryptocurrencies, through the "On Virtual Assets" law. This legislation aims to bring clarity and oversight to the digital asset space. However, how this affects schemes like "dropping" in the black market remains unclear.
All in all, while there's no direct discourse on the "dropping" scheme or new restrictions on card-to-card transfers here, Ukraine is making strides in financial regulation and oversight to curb illicit activities and enhance stability within its financial sector.
- Deputy Chairman Yaroslav Zheleznyak, in a recent Telegram post, has announced a meeting focus on addressing P2P transfers used in illicit marketplaces, including clandestine casinos, as well as the National Bank's initiative to restrict card-to-card transfers.
- Zheleznyak has previously highlighted the "dropping" scheme as a primary means for moving money through black market companies, not just in the underground gambling scene, but also among other shady characters.
- Amidst the ongoing discussions about financial transfers and illicit activities in Ukraine, the National Bank of Ukraine has chosen not to extend the regulatory restriction of UAH 150,000 per month for individual peer-to-peer (P2P) transfers.
- In an illicit context, "dropping" refers to a tactic used to distribute cash or funds through small, frequent transactions, designed to evade detection, and there's no specific information available regarding its impact under the new P2P transfer regulations.
- Ukraine has taken steps to formalize the legal status of digital assets, including cryptocurrencies, through the "On Virtual Assets" law, although it remains uncertain how this affects schemes like "dropping" in the black market.
