What's new

Russian Financial Surveillance Agency to Monitor BTC-to-Fiat Transactions

mlawson71

Well-Known Member
The Russian financial surveillance agency, Rosfinmonitoring, is planning to start monitoring all Bitcoin to fiat currencies transactions, according to a statement by German Neglyad who is the deputy director of the agency. He issued that statement before the Russian Parliament during a meeting about the financial markets.

Rosfinmonitoring usually busies itself with shutting down money laundering schemes and dealing with illegal financial systems, but it recently shifted its attention to cryptos since terrorist groups favour using them to finance their operations.

Rosfinmonitoring is also planning to cooperate with the country’s financial regulator, the Russian Central Bank.
Source
I wonder whether terrorism is the only reason why they have decided to do this. :unsure:
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock    No Thanks