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Reading: Crypto Money Privacy is History! It turned out that the stock exchanges were arm in arm with the state
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EdaFace Newsfeed > Latest News > Crypto News > Crypto Money Privacy is History! It turned out that the stock exchanges were arm in arm with the state
Crypto News

Crypto Money Privacy is History! It turned out that the stock exchanges were arm in arm with the state

vitalclick
Last updated: May 21, 2025 3:40 pm
6 days ago
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Russia significantly increases the crypto money market controls. In the country Tether (USDT) is raids on illegal mining activities after prohibitions for use, and now a major blow to user privacy is coming. Russia’s Fighting Agency Rosfinmonitoringcrypto money transactions are not anonymous warning that the user data was shared with the police without a court decision. Thus, although crypto currency exchanges still do not have a legal status in the country, it turned out that they act in cooperation with the state.

Crypto money privacy is now in the pastRussia is expanding tracking systems

Crypto money privacy is now in the past

St. Speaking at the St. Petersburg International Law Forum, Rosfinmonitoring Law Director Olga TisenHe said that crypto currency exchanges in Russia share data directly with law enforcement officers. Tisen, “Crypto money transactions are now anonymous belief that the belief is now invalid,” he said. According to him, these stock exchanges are already taking steps to adapt to the arrangements that are expected to enter into force in the future.

Russian crypto money privacy

What is even more remarkable is that these data shares take place without the need for any court decisions. Tisen, crypto currency He said that the data is not protected as bank information and that the police can easily access this information. In fact, some stock exchanges clearly state that they are in cooperation with law enforcement officers on their websites. Although this may seem surprising at first glance, it is seen that it is compatible with the standards of fight against money laundering on a global scale.

Russia is expanding tracking systems

Another important development on the agenda of Rosfinmonitoring is the expansion of the follow -up tool “Transparent Blockchain .. This system, which is currently actively used by the security units, is planned to be opened for access to banks by the end of the year. This vehicle is used not only in Russia, but also by regulatory institutions in neighboring countries.

Russian Central Bank also using this follow -up tool of Russian citizens Crypto currency exchangesHe watchs how often he visits. Thus, users who are not only processing transactions, but also potentially intending to trad are kept under supervision. On the other hand, Rosfinmonitoring is pressure to bring more rules in the fight against illegal mining activities and Central Bank of Russia It also supports this attitude strongly.

Currently, more than 12,000 police and regulatory personnel have access to this vehicle with the control of crypto currency transactions are becoming more and more tighter. Although the official regulations have not yet been clarified, the Russian state has already started its supervision in this field.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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