Tracking | ForkLog

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 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 6 30.12.2024

China Urges Global Cooperation in Monitoring Cryptocurrency Transactions

The People’s Bank of China emphasized the importance of regulating the cryptocurrency market in its 2024 Financial Stability Report. According to the document, 51 jurisdictions worldwide have imposed bans or restrictions on the use of cryptocurrency assets, while some economies are adjusting existing laws or adopting new ones for regulation. The report mentions that Hong […]

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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 7 23.10.2024

Russia to Employ AI in Tackling Bitcoin Crime

Russian law enforcement agencies plan to adopt new technologies to combat DeFi-related crimes involving virtual assets. This was announced by Russia’s Prosecutor General Igor Krasnov. The department has already established a unit dedicated to integrating artificial intelligence into prosecutorial activities and has approved a corresponding three-year plan. “Alongside digital currency, other types of virtual assets […]

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ForkLog 8 01.10.2024

Bank of Russia to Scrutinise Cross-Border Bitcoin Transfers by Citizens

The Bank of Russia has mandated 19 financial institutions to examine cross-border transfers by resident individuals related to cryptocurrency purchases. This is outlined in the regulator’s approved inspection programme for late 2024 to early 2025. The regulator aims to assess the volume of digital currency transactions, particularly stablecoins, conducted by Russians abroad. From October to […]

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ForkLog 11 19.06.2024

Russian Prosecutor General Announces Oversight of Cross-Border Cryptocurrency Transfers

Russia has implemented special software to track illegal cross-border financial flows, according to Prosecutor General Igor Krasnov, as reported by TASS. The official noted a rise in criminal use of cryptocurrencies. “To combat this, our country has developed special software. It is used for financial monitoring and criminal investigations, enabling the successful uncovering of entire […]

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ForkLog 40 03.05.2024

Microsoft Restricts US Police from Using Azure for Facial Recognition

Microsoft has confirmed a ban on the use of facial recognition technology by US law enforcement through its Azure OpenAI Service. This stipulation appears in the updated service terms. According to these, Microsoft prohibits integrations with Azure OpenAI Service by “police departments or for them” for facial recognition within the United States. This applies to […]

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ForkLog 12 03.05.2024

Tether and Chainalysis to Develop Secondary Market Monitoring Solution

Tether, the issuer of USDT, and security firm Chainalysis have entered into a partnership to create a system for tracking activity in the secondary market. According to the press release, this pertains to “transactions occurring within the broader USDT ecosystem beyond the limited liability organizations that directly buy and sell the stablecoin.” “The solution allows […]

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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 16 28.12.2023

Expert says anonymous use of Ledger Live is not possible

Developer REKTBuildr studied the Ledger Live source code and found that the software tracks users and accumulates data about them.

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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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