Russia Moves to Monitor Every Crypto Transaction Above 60,000 Rubles
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- Rosfinmonitoring gets real-time data on Russian crypto deals over 60,000 rubles.
- Full KYC data including wallet address, name, DOB and TIN is required above 60K.
- Russia’s Central Bank gains power to ban crypto deals that may threaten stability.
Russia is building one of the most comprehensive cryptocurrency surveillance architectures of any major economy, with new legislation set to give the country’s financial intelligence agency automatic access to data on every significant crypto transaction made by Russian citizens at home and abroad.
Rosfinmonitoring Gets Sweeping New Powers
The financial monitoring agency Rosfinmonitoring is set to become the central node of Russia’s crypto oversight system under a companion bill to the government’s core cryptocurrency legislation. The agency will receive real-time data feeds on all crypto transactions above 60,000 rubles,…
Read The Full Article Russia Moves to Monitor Every Crypto Transaction Above 60,000 Rubles On Coin Edition.
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