{"id":81170,"date":"2023-07-04T10:43:50","date_gmt":"2023-07-04T07:43:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81170"},"modified":"2025-09-11T21:20:14","modified_gmt":"2025-09-11T18:20:14","slug":"russia-outlines-criminal-liability-regime-for-cryptocurrency-operations","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/russia-outlines-criminal-liability-regime-for-cryptocurrency-operations\/","title":{"rendered":"Russia outlines criminal-liability regime for cryptocurrency operations"},"content":{"rendered":"

An essential condition for bringing criminal liability for cryptocurrency operations in Russia is the existence of transactions involving property obtained by criminal means. This was stated by representatives of Rosfinmonitoring in a comment to \u0420\u0411\u041a<\/a>.<\/p>\n

Referring to the recent decision<\/a> of the Supreme Court, the agency explained that liability for the legalization of criminal proceeds arises “upon establishing the very fact of conducting financial operations with the aim of giving a lawful appearance to ownership, use and disposal of monetary funds or other property”.<\/p>\n

At the same time, in the financial intelligence service \u0440\u0430\u0441\u0441\u043a\u0430\u0437\u0430\u043b\u0438<\/a> about a new form of fraud in which criminals offer help in withdrawing funds from blocked exchange wallets. For their services they demand payment of a “tax on legalization”.<\/p>\n

In 2022, law enforcement officers, based on Rosfinmonitoring data, uncovered 11 financial pyramids. In addition, more than 60 criminal cases were opened against their organizers and participants. <\/p>\n

To curb financial fraud involving cryptocurrencies, the financial intelligence service prepared a proposal for mandatory full identification of clients on trading platforms when the operation amount exceeds a certain limit. The package of bills is already under discussion in the government.<\/p>\n

In 2022, Rosfinmonitoring received from banks around 70 000 reports of suspicious transactions, which were allegedly linked to illicit circulation of digital currency.<\/p>\n

In its work, the agency uses Russia’s cryptocurrency transaction analysis tool \u2014 “Transparent Blockchain”<\/a>. With its help, several cases of bribes paid in digital currency and a contract killing paid with such assets have already been uncovered.<\/p>\n

As of March, Rosfinmonitoring tracked more than 25 000 participants<\/a> in cryptocurrency transactions. <\/p>\n

Earlier, the Russian Finance Ministry introduced into a bill regulating cryptocurrency mining a provision on criminal liability for failing to declare digital assets.<\/p>\n

In December 2022, Rosfinmonitoring supported a ban on payments in cryptocurrencies<\/a>, restrictions on their advertising, and the need for explanatory work on the high risk of such assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

An essential condition for bringing criminal liability for cryptocurrency operations in Russia is the existence of deals involving property obtained by criminal means.<\/p>\n","protected":false},"author":1,"featured_media":81171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1451,1154,1516,27],"class_list":["post-81170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-regulation-in-russia","tag-crimes","tag-rosfinmonitoring","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81170"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81170\/revisions"}],"predecessor-version":[{"id":81172,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81170\/revisions\/81172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81171"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}