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Consumer curiosity in web piracy continues to develop in Russia

Based on the Russian “Kommersant” report, a examine by Group-IB reveals that in 2021, Russia’s Web piracy market will drop to $50 million. For the third 12 months, unlawful video content material income continues to say no. Consultants say the price of sustaining infrastructure for web piracy is rising. It’s because Russian regulators proceed to dam doubtful transactions in on-line casinos and playing. After all, these are the main sponsors of video piracy.

In the meantime, Group-IB consultants warn that viewers curiosity in web piracy continues to develop as movie distributors droop work in Russia. The worldwide streaming platforms are now not working in Russia for the time being. After the outbreak of the Russian-Ukrainian conflict, many Western Web firms introduced the suspension of their enterprise and product gross sales in Russia.

Kommersant has identified that previously 90 days, the variety of search requests to put in pirated Home windows 10 has elevated by 80 – 250% as a consequence of issues with the system license model. Requests to obtain Microsoft Excel without spending a dime snowballed in June (650%).

Russia will ban cryptocurrencies and NFTs for funds

Russians would quickly now not be allowed to make use of digital belongings as a cost methodology. Based on studies, the Russian president has signed a invoice banning using digital belongings reminiscent of cryptocurrencies and NFTs to pay for items and providers. Moreover, the brand new invoice requires cryptocurrency exchanges and suppliers to reject transactions.

The brand new Act stipulates:

The switch or acceptance of digital monetary belongings as consideration for transferring items, performing works, offering providers, and in every other means permitting folks to pay for items (works, providers) via digital monetary belongings is prohibited, except in any other case supplied by federal regulation.

In 10 days, the invoice will go into impact and can ban cryptocurrency funds in Russia. Nonetheless, Russians can put money into cryptocurrencies like Bitcoin, in line with Decrypt. NFT, the complete title of Non-Fungible Token is presently well-liked in numerous digital artworks. It’s also the one cryptocurrency token that represents digital belongings.

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