[00:03] our favorite cryptocurrency exchange isn't going anywhere just yet.  However, a wave of blocking has indeed swept across the CIS region , worrying everyone and causing everyone to think Bbit is packing its fins.  But today I want to
[00:17] reassure you and figure out just how bad things really are in Russia, in crypto, with Baybit, whether he's planning to go anywhere, and how to permanently secure your account on any cryptocurrency exchange so it never ends up on
[00:31] potential block lists.  You are on the Denisov channel.  I welcome everyone.  We won't waste a second.  Let's go.  Reasons for blocking. The first and most basic reason for blocking is that some transactions
[00:44] were made on your Babit account in 2020.  Nowadays, probably every third person on Baybit receives such a letter.  CIS, from Russia.  Why am I speaking from the CIS?  Because in Uzbekistan, in all countries in general, in
[00:58] Belarus, such letters come everywhere. This isn't just for Russians; it's for all accounts that were in any way connected to the violation of AL checks, that is, checks of the purity of your USDT, due to the well- known events that
[01:11] occurred between Russia and Ukraine. Accordingly, additional sanctions were imposed on Russia .  And all cryptocurrency that circulates in Russia is considered sanctioned, especially if it passes through Russian
[01:23] cryptocurrency exchanges or exchangers. We had Greenex, Garantex and all the rest.  BYBIT issued direct notifications both in its app and in our partner groups— those promoting Bbit—that if you
[01:38] make a deposit from Garantex, a former Russian exchange—well, not a crypto exchange, but the most powerful—your account is immediately blocked without explanation.   It just blocks and that's it.  Oh yeah, they do let you withdraw funds after a while, but
[01:51] you'll still end up getting blocked anyway.  If you make a deposit on a Russian crypto exchange, you'll receive a warning that another deposit will result in your account being suspended.  If you received such a letter, then essentially there is nothing you
[02:03] need to do.  There is a certain amount of time given to check, yes, your transactions, and, most likely, your account will be blocked eventually.  Personally, I and a close friend of mine had this problem. Yes, we were involved in crypto exchange.  Everything is
[02:15] legal, everything is legitimate.  Oh, and he received this letter, they completely blocked his account with all his money for 3 weeks. That is, for 3 weeks he simply couldn’t do anything, no documents, they didn’t ask for anything, he just sat and waited.  And at
[02:27] the end of this period, you are given from 24 to 120 hours to withdraw your is blocked forever.  But how scary it is, I don’t know.  After all, you can register an account for your mom, dad, brother, or Aunt Svat and
[02:42] dad, brother, or Aunt Svat and never again deposit any unknown cryptocurrency or cryptocurrency that might be questioned by regulators.  But why now? Why didn’t they tell me back then, in 2020, when
[02:54] ?  Yes, because there are simply a shitload of users.  And Babiit is one of the few exchanges that remains operational in Russia with the ruble.  And the Russian market, in my opinion, as far as I remember, there will be a picture here, accounts for approximately 40% of the total
[03:09] money turnover in Baybit.  That is, this is a huge market that Bbiit provides.  And I think that either there simply were n't the resources for this, or the cryptocurrency that was around then became sanctioned, meaning it went through some
[03:23] exchanger or Russian crypto exchange, and everything on it was marked in couldn't be used.  And you used it there even in 2020. , roughly speaking.  If I had committed some offense before that was not
[03:38] considered an offense, I would not have been penalized for it.  But it was introduced because a by the way, I talked about in this video, you can watch it, I completely analyzed it.  25 minutes.  This is a really awesome video, please watch it.  And due to
[03:50] the laws that the regulator is introducing in Russia and due to the fact that Baybit wants to Russia and due to the fact that Baybit wants to grease its fins in the direction of the EU and the US wants to climb in this direction, they are adapting to the regulator.  That is, they
[04:02] were told to do something, and they did it.  There doesn't seem to be anything like that here.  They are already doing everything they can to circumvent certain prohibitions.  Yes, they removed the banks, they just changed the name.  Yellow bank, green bank.  Removed P2P for all exchanges.  BYbiit
[04:15] use it, please.  Yes, the second question is that there are only problems with P2P now, but the next few reasons, they can, in principle, be connected into one, right? if you, say, have a zero account, and some huge, unknown sums are going through
[04:30] , then Bbit has the right to request documents for these sums, where they came from, what kind of money it is, because Bbit also has a reputation and regulators.  If you think that you can
[04:43] move millions of dollars through a centralized exchange and no one will ask you for anything, well, that's stupid.  Most likely , you will receive a block until the situation is clarified.  Yes, he can be there for 3 days, 7 days, or for an unlimited amount of time.  Well, usually a
[04:55] Further.  A bunch of scam wallets. If you were involved in any kind of scam, even without knowing it, somewhere through P2P or through any was deceived or you were deceived, well, accordingly, you may get blocked
[05:09] .  This is also one of the most common reasons for blocking. linked into one.  This is what Bybit is trying to please the regulator, as I mentioned earlier.  Accordingly, there are certain requirements, new laws are passed,
[05:21] That is, now, for example, it will be necessary to obtain a license to conduct some kind of activity.  BB has three licenses.  It's Dubai, they're registered there, that's where their main office is, the office where they work.  This is the EU, yes, they
[05:34] can work in different countries of the European Union .  And, accordingly, now, a license for a Russian contract, for the Russian side, because I already told you that Baybit's Russia occupies a huge share of the market
[05:46] .  And the final reason for blocking, as I've already mentioned, is deposits or withdrawals to or from Russian exchangers and Russian crypto exchanges that are under sanctions.  They are
[05:58] so be careful and only work with trusted exchanges.  Even such a well-known exchanger as White Birn in Belarus, according to many rumors, was included in these sanctions lists.  And now the crepe from there is also considered dirty.  Well
[06:13] protect your wallet?  We can't know which cryptocurrencies will become sanctioned tomorrow, which exchangers will become sanctioned tomorrow.  The first thing is to create a chain of wallets.  What do I mean ?  You have an account on Bybit.  You do
[06:27] not transfer money there directly from any third-party resource.  You or any other decentralized wallet and only then transfer them to Bybit from there.
[06:39] Then it is possible and most likely that the probability of blocking will be lower.  It also say, withdraw money in Russia, you know an exchanger here, but it's under sanctions, and you can't transfer money directly from Baybit to the exchanger.  You take it, transfer it
[06:53] to a one-day wallet, Metamask, and from Metamask you transfer it to an exchanger. That's it, your crypto isn't exactly clean, but the likelihood of your account being blocked is much, much lower. Next are AML services, that is,
[07:07] services for checking your cryptocurrency.  They are inexpensive, a few dollars a you need to transfer a specific, large amount of money , you can purchase a subscription to this AILL service, check whether you have clean UDTs, and easily deposit
[07:20] them to Bbit, or withdraw them from Bbit to other third-party resources.  Well, of course, it’s clear to any donkey, in my opinion, that you need to have several accounts on the exchange you use.  As I already said, mom,
[07:33] friends, please create accounts, split the amounts and never keep the main amount on the exchanges.  Tomorrow Baybit may say: "We are leaving Russia."  How was it with Binance?  Nobody expected it, nobody thought about it.  And now, the
[07:47] most popular crypto exchange no longer operates in Russia, is inaccessible, and doesn't want to have anything to do with us .  Store your crypto in even in cold wallets, and you won't have any problems.  Well, let's move on
[08:00] to the last question, which I will answer very quickly.  Is Bbit [music] leaving Russia?  I think that during this video you all already understood that video you all already understood that he is not going anywhere yet.  The huge
[08:13] market share that Baybit serves and that brings Baybit such huge profits. Why leave here?  It blocks accounts, yes, but because we have bans in our country
[08:28] that exchanges need to circumvent.  As I already said, from July 1, 2026, a new law will come into force , according to which anyone who wants to give you the opportunity [music] to exchange, store, or
[08:44] trade cryptocurrency must and will be required to obtain a license from the Russian regulator.  That is, Babit speaks clearly, and from correspondence with managers, I can say that they are preparing the ground for easy and simple entry into our
[08:57] legislative field, so that they can work calmly without any rules I mentioned in this video. Just always be careful about the crypto you take and the crypto you give away.  Don't participate in any
[09:11] scam movements and everything will be fine with you.  I don't have a single block on any account because I just stupidly know what I'm doing.  I can’t guarantee you that Bbit won’t say in a week or a month or even tomorrow
[09:24] that it’s leaving Russia.  But today, today is May 19th, and no one is planning to go anywhere .  The blocks that fly in are certainly unpleasant.  And when I hear from my close friends, from
[09:38] blog arrived to them.  Of course, for me this is a trigger, but unfortunately, this is the point where crypto is being squeezed very hard, and we will have to fight this, somehow get around it, well, and live with it.  I am
[09:52] grateful to everyone who watched this video to the end.  I wish everyone profit.  You video to the end.  I wish everyone profit.  You were on the Denisov channel.  Bye everyone.