Russia Tightens Crypto Regulation, Demands User Transaction Data

Russia is taking stricter measures to regulate cryptocurrencies, impacting both market operations and user privacy. The country’s Anti Money Laundering Agency (Rosfinmonitoring) is now demanding that cryptocurrency exchanges share transaction data with authorities. This move necessitates sharing user data with law enforcement agencies, as stated by Rosfinmonitoring Head of Legal Department, Olga Tisen. 🇷🇺 🏦 This demand for transaction data will likely drive many Russian crypto users towards decentralized platforms, where privacy is paramount.