Russia's State Duma is currently examining a legislative proposal aimed at enhancing oversight of cryptocurrency transactions exceeding 1 million rubles. According to NS3.AI, the bill mandates operators to identify customers, flag suspicious activities, maintain internal controls and records, and report data to government agencies while establishing connections with the Central Bank of Russia. Additionally, the legislation grants the central bank authority to limit exchanger operations, enforce management changes, deregister firms, or pursue court-ordered liquidation.