Rosfinmonitoring

ForkLog 25 08.07.2025

Bitcoin Corruption in Russia Estimated at 13.5 Billion Rubles

Rosfinmonitoring, in collaboration with the FSB and the Ministry of Internal Affairs of Russia, has developed a methodology to enable commercial banks to identify corruption schemes involving cryptocurrencies. This was announced by the head of the agency, Yuri Chikhanchin, during a meeting with Vladimir Putin. According to the official, such crimes are typically committed through […]

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ForkLog 16 15.04.2025

Russia to Establish Registry of Suspicious Crypto Wallets

In 2025, Rosfinmonitoring will launch a registry of suspicious crypto addresses. This information is contained in the technical specifications for the development of the agency’s IT system, posted on the government procurement website. The registry will include data received from banks, tax authorities, law enforcement agencies, and international partners. The initiative aims to combat money […]

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ForkLog 73 21.02.2025

Russia to Connect Banks to Cryptocurrency Transaction Analysis Service by 2025

Rosfinmonitoring plans to fully integrate Russian banks into its ‘Transparent Blockchain’ service by the end of 2025, enabling the identification of clients linked to cryptocurrency transactions. This was reported by RBC, citing Anton Lisitsyn, Deputy Director of the Federal Financial Monitoring Service. According to him, the pilot is in the final stage of approval. “We […]

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ForkLog 32 25.12.2024

Russia to Monitor Cryptocurrency Exchanges via Drop Accounts

The Bank of Russia, in collaboration with Rosfinmonitoring, is developing a platform to monitor suspicious transactions by individuals and facilitate the exchange of this information among credit institutions. This was revealed to RBC by Bogdan Shablya, head of the Central Bank’s Financial Monitoring and Currency Control Service. The initiative aims to combat the use of […]

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ForkLog 12 27.08.2024

Russia Allocates 10.6 Billion Rubles for Bitcoin Holder Identification

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 […]

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ForkLog 17 25.04.2024

Five Russian Banks Pilot Bitcoin Transaction Tracking

The Central Bank of Russia, Rosfinmonitoring, and five major banks are conducting a pilot project to establish connections between users’ fiat and cryptocurrency transactions. This was reported by RBC, citing a statement from Ilya Bushmelev, Director of Project Portfolio Management at Innotech. The new service, “Know Your Crypto Client,” aims to train credit institutions to […]

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ForkLog 14 30.11.2023

In Russia, suspicious cryptocurrency transactions have doubled.

Rosfinmonitoring reports a doubling of suspicious cryptocurrency operations.

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ForkLog 12 28.11.2023

Another tool for analysing Bitcoin transactions emerges in Russia. We examine what ‘InChain’ is.

ForkLog discussed with experts why Russia needs yet another transaction-analysis tool, and how effective it might be.

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ForkLog 4 04.07.2023

Russia outlines criminal-liability regime for cryptocurrency operations

An essential condition for bringing criminal liability for cryptocurrency operations in Russia is the existence of deals involving property obtained by criminal means.

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ForkLog 8 13.04.2023

Poll finds over 60% of Russians say tax authorities are eyeing their bitcoin operations

The Federal Tax Service of Russia has begun sending letters to cryptocurrency holders requesting information about their holdings and transactions.

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ForkLog 7 13.03.2023

Russia’s financial intelligence service says it tracks cryptocurrency holders

Rosfinmonitoring tracks more than 25,000 participants in cryptocurrency transactions. This was stated by the agency's head, Yuri Chikhanin.

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ForkLog 6 09.12.2022

Rosfinmonitoring backs full ban on Bitcoin settlements and their advertising

Rosfinmonitoring backs the option of strict regulation of cryptocurrencies proposed by the Russian government.

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