Russia to Improve Crypto Transaction Monitoring as Regulation Draws Closer, Says Rosfinmonitoring

Russia to Improve Crypto Transaction Monitoring as Regulation Draws Closer, Says Rosfinmonitoring

Russia’s financial monitoring agency, Rosfinmonitoring, said on Friday it was using software to track cryptocurrency transactions and hopes to improve its capabilities, as Moscow ushers in regulation on what one lawmaker dubbed “cryptomania”. The Bank of Russia has long voiced scepticism over cryptocurrencies, citing financial stability concerns, and has advocated…