Russia Bans Anonymous Transfer of Funds

Russia Bans Anonymous Transfer of Funds

Just when it appeared that the Russian Central Bank was relaxingits position on cryptocurrencies, the Russian Duma quickly dispelled such illusions. Russian lawmakers toughened the requirements for electronic money transfers during a new law’s second hearing – and prohibited “currency surrogates.” The new legislation is set to make anonymous payments between individuals illegal, Itar-Tass reported. In addition, the Duma introduced new measures that would make it easier to identify individuals transferring funds. The new legislation introduces a simplified identification process that now....


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