Who And Why Has Blocked Express Transfers To Stock Cryptocurrency
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Who And Why Has Blocked Express Transfers to Stock Cryptocurrency

There are many ways to hide their illicit income legalization and rubbing off guard and stolen money. A few years ago, in most cases, such operations, irrespective of the scale, required for setting up companies, creating a façade of service establishments or complicated ownership structure and companies in tax havens. Cybercriminals, however, quickly found a simpler solution that does not require getting up from the computer - are the kryptowaluty.

Criminals who have gained control over someone else's bank account must okradzionemu the owner as soon as possible prevent the recovery of the lost funds. If you steal them via wire transfer to another account, especially in a country, there is a good chance that when the victim quickly realizes and informs the bank, the payment will be stopped. So how thieves cope with this problem? With the help of the transfers come Express on the stock exchange cryptocurrency. Transfers solve the problem of waiting for the session ELIXIR system and kryptowaluty solve the problem of the reversibility of the transaction (purchase kryptowaluty can not be undone).

Kitten and mouse

Operators payments do not hide that they heard from a few large banks an ultimatum - either decide not to work with stock cryptocurrency, or will have problems with the banks. Bitcoin Proponents argue that this situation is only a pretext for war against Bitcoin as an enemy of the banking system and the banks' decision and operators constitutes a restriction of their economic freedom and to equate it to the confiscation of part of the bank deposits in Cyprus. We are still waiting for comparison with the Nazi occupation, and in the meantime we will try to lighten a little the situation.

Banks for many years struggling with online predators, hunting for money of their clients. A large part of the campaign spammer whose effects you see in their mailboxes is designed to infect users' computers a Trojan horse okradającym electronic banking accounts. Banks use different methods of preventing this type of fraud - from education users through sophisticated detection platform injecting JavaScript into your site foreign banks to client computers after the fight with accounts - poles. Criminals do not stand in place and invent new methods of fraud, banks, detect and counteract them. So last game of cat and mouse.

Banks say enough

Unfortunately, in this game in recent times the main, not quite unconscious player, became the BTC exchanges. According to our information, even about 80% of the stolen clients Polish banks may be immediately exchanged for bitcoiny (the same method allegedly used in the theft of Plus Bank). This is a serious problem that needed a solution. One of the biggest Polish retail banks conducted an analysis which indicated that the stolen funds convert it into BTC are accumulated in only a few portfolios. The balances of these portfolios apparently done so strong impression that the bank decided to act more radically. He persuaded to cooperate with several other victims banks and together they take an informal initiative to curb this practice. Method controversial - but probably the only effective.

Unfortunately, this situation also contributed to the exchange of BTC. For example, the approach we wanted to present the situation of a recent security conference. A representative of large Polish stock exchange there appealed to banks to sending an express transfer, held back by about a quarter, which will help catch a greater number of thefts (often within a quarter identified a fraudulent nature of the transfer). Why it is the banks have delayed transfers? Because - as claimed by a representative of the stock market - its systems do not allow for delay accounting transfers. So, do not przesłyszeliście up. We leave it without comment.

Who is right in this dispute

Without a doubt, forcing the specific behavior of another company, particularly limiting the possibility of its operation, it is a violation of the rules. Perhaps it starts to bug someone brave who report such to influence the relevant authorities. It should be also noted that the exchange of BTC, while announcing the will to fight against fraud, benefit from the activities of criminals. Not only they earn commissions, but also gain a higher market liquidity, which attracts other clients. Given the scale of theft from bank accounts can be assumed that the offender generate a significant percentage of turnover Polish BTC exchanges. Obviously this is not the fault of the exchanges - the question, however, whether actually doing anything to stop the scammers.

Criminals have no doubt that the decision of the banks is aimed precisely in them and not in Bitcoin. To quote a passage from ToRepublic forum:

CashBill operator was forced to terminate their contracts for exchanges and cantors BTC by banks, which thus trying to solve the problem of too much fraudowych transactions.

Thanks for the info, I just wondered why a few cantors stopped working.


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