Russia's Central Bank to Require KYC for All Crypto Traders and Overseas Holdings Declaration by July

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Gate will delist the trading of 14 tokens including 5IRE, UNO, BLY, etc. on April 30. Users must withdraw assets or apply for a buyback within the specified time.

Gate News message, according to an official Gate announcement Gate has announced the delisting of trading services for 14 tokens. The tokens to be delisted include 5IRE, UNO, BLY, CLEAR, KIMA, TMAI, LOVE, TARA, DIONE, STARL, MASA, OPUL, MCRT, and ROCK, all of which correspond to USDT trading pairs. Gate has paused the deposit service for these tokens and will, before 2026-04-30 11:00(UTC+8), close new leveraged lending and collateralized lending, and also pause the related spot trading pairs, Quant Grid, Yubibao, and leveraged trading. After 2026-04-30, users who still hold the above tokens on Gate may submit an application to participate in the buyback. The buyback price varies by token. Users need to submit the buyback application form between 2026-05-14 and 2026-05-21. For a single account, the maximum compensation amount is 100 USDT. In addition, users can withdraw the tokens to their Gate Web3 wallet for permanent storage, or take out the tokens before delisting from the trading market.

GateAnnouncement1h ago

Hong Kong Plans to Launch Crypto OTC Compliance License by Year-End, Pushes RWA Secondary Market Trading in Stablecoins

Gate News message, April 23 — Hong Kong plans to introduce a crypto OTC compliance license by the end of 2026, according to Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of the Legislative Council's Commerce and

GateNews2h ago

Japan's FSA Advances Crypto Asset Reclassification to Financial Instruments Law, Launches Three Stable Coin Payment Pilot Projects

Gate News message, April 23 — Japan's Financial Services Agency (FSA) has submitted legislation to Parliament proposing to reclassify crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, according to remarks by Shigeru Shimizu, director of the FSA's Risk

GateNews2h ago

New York Governor Hochul signs an executive order restricting state government employees from “insider trading in prediction markets”

New York Governor Kathy Hochul signed an executive order on Wednesday, April 22, barring state officials and employees from using nonpublic information obtained through their positions to place bets in prediction markets, or from assisting any third party in engaging in the foregoing conduct. On the same day, prediction market platform Kalshi announced that it had completed an internal investigation into three political candidates who placed bets in their own campaign activities, and imposed fines and suspensions on them.

MarketWhisper3h ago

The SEC received a joint letter signed by 30 firms, calling for the establishment of regulatory rules for DeFi brokers.

The DeFi Education Fund (DeFi Education Fund) on April 21 jointly with more than 30 cryptocurrency industry organizations submitted a joint letter to the U.S. Securities and Exchange Commission (SEC), urging the SEC to adopt the “notice-and-comment” formal rulemaking process and to convert the current staff statements regarding decentralized tools into formal rules with lasting effect.

MarketWhisper3h ago

The Thailand SEC releases a regulatory proposal allowing digital asset firms to directly apply for derivative brand licenses.

According to an April 23 announcement from the Thai Securities and Exchange Commission (SEC), the agency has formally submitted amendments to its digital asset derivatives business licensing rules. The proposal would allow firms that already hold digital asset operating licenses to apply directly for a derivatives business license without needing to establish a separate legal entity. The proposal also introduces requirements for managing conflicts of interest for companies that engage in both digital asset and derivatives businesses, and it calls for financial standards for derivatives exchanges and clearing institutions to align with international benchmarks.

MarketWhisper4h ago
Comment
0/400
No comments