The "Agent Scheme" — Paysol's Dual-Circuit Mechanism
How cryptocurrency conversions are concealed from both Russian and foreign banks
Circuit 1 — Russia (Rubles)
Russian
Importer
Pays rubles
→
T-Bank /
Expobank
Ruble-side bank
→
Feilian Co. Ltd
(Hong Kong)
Agency agreement
— no crypto mentioned
Contract: domestic agency agreement
Bank sees: ruble payment to foreign agent
No wallet address visible
No bank on either side sees a wallet address
Circuit 2 — Offshore (Crypto)
Feilian Co. Ltd
(Hong Kong)
Converts rubles → USDT
→
USDT
Tron blockchain
→
Foreign
Supplier
Paid in USD/EUR
Offshore conduits: J.P. Morgan HK, Deutsche Bank HK, DBS HK, Bank of China
Foreign bank sees: clean wire from HK company
"The contract makes no mention of crypto. No bank will know. It is visible only between us."
— Paysol agent, recorded by TI Russia, October 13, 2024
Source: Transparency International Russia / ICIJ / iStories, "Crypto Laundromat" (Sep 2025). CrimsonVector 2026.