Bank of Russia Calls Crypto Exchangers a Source of Cash of 'Unidentified Origin'
- —Bank of Russia named markets and crypto exchangers as the main sources of cash of 'unidentified origin'
- —The regulator is drafting AML legislation amendments, not just guidance for banks
- —A 'Transparent Blockchain' platform is planned to verify coin and wallet histories
- —After July 1, 2027, the central bank expects to eliminate crypto exchangers operating without a license
Why it matters: Tighter cash and crypto controls in Russia raise risks for P2P exchangers and holders of coins from the 'unregulated perimeter.'
Source: Bits.media