The Bank of Russia will mandate the blocking of all anonymous crypto transactions.

The Bank of Russia plans to mandate that crypto exchanges and crypto depositories reject any fund transfers lacking information about the sender and recipient. The regulator has drafted new anti-money laundering (AML) rules for digital asset market participants and released them for public consultation.

The rule will also apply to brokers, trust managers, and operators of digital financial assets (DFAs). While crypto exchanges are mentioned in the document, the specific control procedures for them have not yet been defined, according to the draft regulation. Details regarding the regulation of this category of participants are still under development, Vedomosti reported.

Under the new rules, cryptocurrency transfers within the "Russian perimeter" will only be permitted if a full set of information about the transaction participants is provided. If the data is missing, the depository will not credit the funds and must automatically block the transaction. For transactions up to 60,000 rubles, a basic set of data (surname, first name, and crypto wallet address) suffices; larger transfers will require an expanded data set, including the Tax ID (INN) and date of birth of the parties involved.

To monitor compliance, the Central Bank intends to connect digital depositories to its "Know Your Customer" (KYC) platform. The system automatically assigns clients a reliability rating based on their transaction history. If a client falls into a high-risk category, the platform is required to restrict their operations. A similar system is currently in place for banks.

Russian authorities have empowered Rosfinmonitoring—the country's primary financial transaction watchdog—to monitor all cryptocurrency transactions. The agency intends to collect an expanded set of data on cryptocurrency transactions amounting to 60,000 rubles or more, as well as on foreign trade transactions involving cryptocurrency valued at 1 million rubles or more.