🇷🇺 The Russian Federal Financial Monitoring Service is pushing for tighter regulations on crypto #exchanges , much like the ones banks have to deal with.
➠ They pointed out that the lack of oversight in #crypto -to-fiat exchanges is a "weak link" in Russia's anti-money laundering strategy, making it ripe for criminal exploitation.
➠ The agency is backing a bill to regulate cryptocurrencies since keeping tabs on digital asset circulation is a must according to the FATF. The absence of clear rules could negatively impact #russia 's position on the international stage in the battle against money laundering.
Previously:
- amendments from the State Duma committee
- criticism from the Communist Party
- critique of the bill
- criminal liability
#BlackRockAdds3.14MMSTRShares @WISE PUMPS
➠ They pointed out that the lack of oversight in #crypto -to-fiat exchanges is a "weak link" in Russia's anti-money laundering strategy, making it ripe for criminal exploitation.
➠ The agency is backing a bill to regulate cryptocurrencies since keeping tabs on digital asset circulation is a must according to the FATF. The absence of clear rules could negatively impact #russia 's position on the international stage in the battle against money laundering.
Previously:
- amendments from the State Duma committee
- criticism from the Communist Party
- critique of the bill
- criminal liability
#BlackRockAdds3.14MMSTRShares @WISE PUMPS