Spies and Cryptocurrency: Claims by a Russian Lawmaker
In a recent speech in parliament, Andrei Lugovoy, the First Deputy Chairman of the State Duma’s Committee on Security and Anti-Corruption, made claims about the use of cryptocurrency by spies and “agents” from Western countries to fund their operations. He emphasized that these individuals are using cryptocurrency as a means to refill their wallets and are considered as instruments of soft power.
Utilization of Cryptocurrency by Foreign Agents
Lugovoy stated that cryptocurrency is the only way for these foreign agents to transfer funds and claimed that they are controlled by the US State Department and the British Foreign Ministry. He highlighted their sophisticated nature and the involvement of intelligence services in organizing their activities, stressing that cryptocurrency has become the primary method for them to refill their wallets.
He also criticized the government’s lack of crypto regulation, attributing the situation to the failure in preventing spies and “foreign agents” from accessing cryptocurrency. Lugovoy expressed his discontent with the Russian crypto policy, labeling it as detrimental and asserting that it plays into the hands of sanctions imposed against the country by the West.
Call for Stricter Measures
Lugovoy urged Russian authorities to take action by identifying “foreign agents and their relatives” and requiring them to report annually on their income and expenses. He alleged that many “foreign agents” in Russia possess properties and act under the direction of foreign intelligence services and embassies. Finally, he stressed the need for improved monitoring of the movements of these individuals within Russia.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
