The Central Bank of Russia is set to introduce new regulations requiring commercial banks to report detailed information on their clients' cryptocurrency transactions. This initiative is part of a broader reporting system for cross-border fund transfers involving Russian citizens. Banks will need to disclose details such as the identities of the parties involved, transaction methods, intermediaries, and fees. Additionally, transactions involving digital rights, tokenized assets, and NFTs will be separately reported.
Russia to Mandate Banks Report Cryptocurrency Transactions
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