Going forward, Russia’s financial monitoring agency intends to discover transactions and blockchains that are currently hidden.
Draft legislation on regulating cryptocurrencies is planned for submission to parliament in the autumn. Russia's financial monitoring agency, Rosfinmonitoring, said it is upgrading its ability to track cryptocurrency transactions as Moscow looks to regulate the industry, possibly later this year,Russia has already identified some criminal cases involving crypto, Rosfinmonitoring's head Yuri Chikhanchin told Reuters. Going forward, the agency intends to discover transactions and blockchains that are currently hidden.
Chikhanchin said it is not possible to cover everything, partly because some countries are not working toward regulating the crypto industry."It is very difficult when cryptocurrency accounts go into the unregulated zone and we don't understand who is on the other end," he said."But I think we will still solve this task.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.
Vladimir will be check all alone 😉