🇷🇺 The Russian Federal Financial Monitoring Service has called for stricter regulations on crypto #exchanges , similar to those applied to banks.
➠ They stated that the lack of oversight in #crypto -to-fiat exchanges is a "weak link" in Russia's anti-money laundering system, potentially exploited by criminals.
➠ The agency supports a bill regulating cryptocurrencies, as controlling digital asset circulation is a requirement of the FATF. The absence of clear rules may adversely affect #russia 's international standing in the fight against money laundering.
Previously:
- amendments from the State Duma committee
- criticism from the Communist Party
- critique of the bill
- criminal liability