Russian government bans anonymous crypto wallet deposits

posted 6 months ago
Russia banned anonymous deposits to online wallets in a move expected to affect millions of Bitcoin users in the country. According to lawmakers, this initiative is supposed to curb illegal activity, such as the financing of terrorism and the illegal drug trade.

Online wallets through services such as Yandex, WebMoney, PayPal, and Kiwi are popular in Russia. These services have approximately 10 million users who use the accounts anonymously by topping them up with cash. Some people use these anonymous wallets to purchase Bitcoin, though the exact numbers are unknown.
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