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Market News

Russian Lawmaker Calls for Ban on Telegram’s Hamster Kombat

Aksakov warns about Hamster Kombat's impact on public finances, citing rising susceptibility to external influences and potential harm.

Written By:
Ronak Kumar

Reviewed By:
Dhara Chavda

Last updated: July 20, 2024 1:22 PM
Published July 20, 2024 11:53 AM
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Last updated: July 20, 2024 1:22 PM
Published July 20, 2024 11:53 AM
Russia's Aksakov Calls for Ban on Telegram's Hamster Kombat

Anatoly Aksakov, head of Russia’s State Duma Banking Committee, has called for a ban on the Telegram game Hamster Kombat, labeling it as a potential scam. Aksakov criticized the tap-to-earn game, suggesting it manipulates players’ minds and targets those seeking quick wealth through minimal effort.

In a recent interview, Aksakov criticized Hamster Kombat’s tactics, likening them to fraudulent schemes. He noted that the game’s additional tasks promising increased earnings and faster progression are common scam traits and assured that the State Duma will discuss the issue.

Aksakov said to local media, “Such things must be stopped. In my opinion, this is clearly a scam. Manipulation and use of the psychology of citizens. Especially those who do not really want to work, but dream that they can play with a minimum of effort and get rich.”

Hamster Kombat, launched on Telegram in March, is a crypto-based tap-to-earn game. It distributes in-game virtual HMSTR tokens as TON-based digital assets. However, market analyst Toghrul Aliyev has warned that HMSTR tokens might face significant volatility if trading starts, with initial sell orders possibly driving the price down sharply.

Aksakov’s remarks highlight a growing concern about the impact of such games on the public’s financial well-being. He noted that people have become increasingly susceptible to external influences, leading to potentially harmful consequences.

As Russian lawmakers prepare to address these concerns, the future of Hamster Kombat remains uncertain. If there is any connection between a game and potential fraud, the government will closely scrutinize it and its impact on users.

Also Read: Hamster Kombat Spurs Surge in Massage Equipment Sales in Russia

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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