Gate News message, April 15 — Russia’s central bank plans to require all cryptocurrency traders to undergo identity verification and is pushing domestic exchanges to fully implement Know Your Customer (KYC) protocols to de-anonymize crypto transactions, according to DL News. The regulations are expected to take effect in July 2026.
The central bank also mandates that Russian citizens declare their cryptocurrency holdings in overseas wallets to the Federal Tax Service. The new rules will prohibit users from directly transferring assets from Russian custodial wallets to overseas non-custodial wallets; all transfers must go through official cryptocurrency storage providers and exchanges.
The central bank stated it will not confiscate citizens’ crypto assets but emphasized strengthening oversight of non-custodial wallets to support anti-money laundering and KYC requirements. Russia also plans to launch a blockchain-based digital ruble to enhance economic transparency and curb capital outflows.
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