COINNEWSBank of Russia Tightens Control Over Cryptocurrency Transfers
The Bank of Russia has developed new anti-money laundering (AML) requirements for participants in the cryptocurrency market. The document aims to strengthen control over financial flows in the digital environment.
A key innovation concerns crypto custodians. They may be required to reject transfers if transaction data lacks information about the sender and recipient.
The new rules also apply to brokers, trust managers, and operators of digital financial assets (DFAs). This will help integrate the crypto market into the broader financial monitoring system.
The document mentions crypto exchanges, but a specific control mechanism for them has not yet been defined. Details regarding the regulation of exchange operations will be clarified later.
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