Regulation· ★★★★· bearish·

Russia's Central Bank to Block Crypto Transfers Lacking Sender and Recipient Data

  • —Transfers without sender and recipient data will be automatically blocked
  • —Up to 60,000 rubles: name and wallet; above: INN and date of birth
  • —Depositories to connect to the central bank's Know Your Customer platform
  • —Rosfinmonitoring to gain oversight of crypto operations from 60,000 rubles
Why it matters: Tighter controls will complicate anonymous transfers in Russia and raise compliance burdens for crypto exchanges and depositories.
Source: Bits.media
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