Russia's Central Bank to Require Banks to Disclose Clients' Crypto in Declaration Forms
- —New requirements take effect on July 1, 2027
- —Amendments target Central Bank directive No. 5798-U of 2021
- —Banks must report all client cryptocurrencies and stablecoins, including wallet data
- —Only civil servants, lawmakers and employees of the Central Bank and state corporations must declare
Why it matters: Banks will begin collecting crypto data across their entire client base, paving the way for broader tax oversight.
Source: BeInCrypto RU
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