Russia’s Central Bank Plans Criminal-Proceeds Labels for Crypto
The bank may also create a database of wallets linked to tainted cryptocurrency if regulators determine it is needed to enforce new rules.
Russia’s central bank plans to flag cryptocurrency linked to criminal proceeds and may create a database of tainted wallets as part of implementing the country’s crypto regulation law.
The bank will identify whether digital assets originated from criminal proceeds. If regulators determine that enforcement requires a dedicated registry, the central bank will establish a database of wallets linked to tainted cryptocurrency.
It does not specify when the system would begin operating or how wallets would be added to the database.
If regulators determine that enforcement requires a tainted-wallet database, the central bank will establish one.
