Russian bank begins tracking customer crypto activities
By tracking crypto transactions, the Russian government seemingly wants to make a regulatory field for state corporations to enter the market. A Russian bank has started tracking its customers’ activities in crypto as the government desires to form regulatory conditions for state corporations to enter. In an interview with Russia’s state newspaper, Parlamenstakaya Gazeta, Russian lawmaker Anton Tkachev said the initiative is just a pilot so far, but eventually the system might be rolled out at the state level should the pilot be a success. Tkachev did not disclose the bank nor on what basis it determines crypto -oriented customers. You might also like: FTX’s stolen crypto funds linked to Russian cybercrime networks Eventually, the idea is apparently to allow state corporations to conduct settlements with crypto currencies as Western sanctions have limited Russia’s options to keep its business on the international level. Although no details on the pilot ...
