Russia’s approach to cryptocurrency is changing drastically as it seeks greater control over its digital currency ecosystem. The country, facing concerns about illicit activities and money laundering, has begun implementing regulations that significantly impact the anonymity of crypto transactions. Despite the absence of official crypto exchanges in Russia, authorities are increasingly cooperating with platforms for data sharing. Rosfinmonitoring, the country’s financial watchdog, claims that crypto transaction privacy is a misconception and emphasizes their willingness to share user information upon request, even without court orders. This approach aligns with international anti-money laundering standards and reflects the evolving landscape of cryptocurrency regulation in Russia.