Russian Government to Track Crypto Transactions With Help From Anti-Drug Orga...
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between U.S.-sanctioned crypto exchange Suex and a darknet market operating in the region. Russian Authorities Respond to Stopnarkotik’s Request for Action Against Drug Trade The Ministry of Internal Affairs of the Russian Federation (MVD) and Bank of Russia have agreed to cooperate with....
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Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial markets. Banks Already Cooperating According to a Russian news site, Regnum, the anti-money laundering body is already getting cooperation from banks. “Banks have already begun to pay attention to exchange operations, that is, when they see that an operation has come after the exchange of....
It if were up to Russian policymakers, Internet controls will become even more strict in the country moving forward. Labeled as an anti-terrorism campaign, there are plans to increase online surveillance measures. If this were to happen, ISPs would need to log metadata about customers for at last three years. Should this proposal pass, encryption will not safeguard user privacy anymore in the country. This new proposal was made by Irina Yarovaya, head of the Russian parliamentary security committee. Forcing ISPs to keep metadata on their users for three years is the just the beginning,....
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the future of digital currencies in Russia,” an announcement published late Tuesday stated. The executive power in Moscow elaborated that the plan is to integrate the circulation of cryptocurrencies into....
The parliament member claimed that there are no anti-blockchain voices in the Russian government Anatoly Aksakov, the head of the Russian parliament’s Financial Markets committee, had some good news for blockchain fans in Russia. According to Aksakov, there are “no anti-blockchain voices” in the government and he believes that a digital ruble pilot will start in 2021.During a panel held on October 21 as part of the Blockchain Life 2021 conference, the policymaker said that the central bank had already started consultations on the feasibility of launching ‘cryptoruble’ pilots. He considers....
The Russian anti-censorship organization «РосКомСвобода» / RuBlackList. NET announced today on their Google+ profile that they are now accepting bitcoin donations. The person that sent the tip to CCN explains: Even though anyone involved in Bitcoin in Russia is at risk of being prosecuted, the main Russian anti-censorship non-profit organization has announced today that they are starting to accept donations in bitcoin. Very bold move, considering the legal environment. Bitcoin businesses and organizations in Russia are having a hard time since Russia decided to ban the use of bitcoins. The....