The Russian State Duma is considering a new bill that mandates monitoring of cryptocurrency transactions exceeding 1 million rubles (approximately $13,700). This proposal, part of a complementary bill to the Digital Currency and Digital Rights Law, requires operators to identify customers, detect suspicious activities, and implement internal controls. The bill also mandates data transmission to government agencies and coordination with the Central Bank of Russia. Under the proposed regulations, digital compliance checks will be compulsory to prevent money laundering and financing of harmful organizations. Cryptocurrency exchangers must operate as non-credit institutions and may delegate customer identification to banks. The Central Bank will have the authority to impose restrictions, mandate management changes, or initiate liquidation proceedings. The bill outlines penalties, including fines up to 1 million rubles for legal entities and imprisonment of up to seven years for illegal cryptocurrency circulation.