By 2030, Rosfinmonitoring will receive 10.61 billion rubles to develop a digital platform aimed at combating money laundering. One of its functions will be to monitor cryptocurrency transactions, facilitating the identification of bitcoin wallet holders, according to local media.
Under the “Digital State Governance” project, the platform will connect five federal executive bodies under the coordination of Rosfinmonitoring.
The initiative is based on the “Transparent Blockchain” tool, which can cluster suspicious cryptocurrency operations. In addition to creating a list of potential violators, Rosfinmonitoring will be able to request information from legal entities and individual entrepreneurs about their transactions with digital currency obtained through mining.
In April, the Central Bank of Russia, Rosfinmonitoring, and five major banks launched a pilot to establish links between fiat and cryptocurrency transactions of users.
Since July 25, a new mechanism for returning funds stolen by fraudsters has been in effect in Russian banks. It is capable of significantly complicating P2P cryptocurrency exchange operations.