Regulation· ★★★★· bearish·

Russia's central bank moves to give security services full access to crypto platform client data

  • Draft directive published September 16, consultation open until September 29
  • Client and transaction data must be stored for 5 years after the relationship ends
  • Platforms must provide round-the-clock remote access to security services
  • Stored data includes chats, voice and video, IP addresses and ports
Why it matters: Russia's regulated crypto market would face bank-level surveillance, sharply reducing user privacy and raising compliance costs for platforms.
Source: Happycoin.club