Russian financial market committee considers requiring ID for crypto users

posted 3 months ago
Russia’s Duma Committee on Financial Markets is considering the adoption of a mandatory identification process for users of digital assets. The committee chairman, Anatoly Aksakov, said the authority is planning to amend Russia’s crypto regulation, aiming to establish a special identification process for users of digital financial assets, including cryptocurrencies.

According to the planned amendment, dealing with crypto by unidentified users will become illegal. Aksakov noted that the authority has not suggested the mechanism of the identification procedure.
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