At an expanded meeting of the board of the Prosecutor General’s Office of the Russian Federation, Russian President Vladimir Putin instructed the prosecution authorities and Rosfinmonitoring to pay special attention to the cross-border movements of digital financial assets, the Kremlin press service reports.
The president said that criminals are increasingly using digital currencies, and this should attract special attention from law enforcement agencies.
With the adoption of the Law on Digital Financial Assets, which entered into force on January 1, 2021, active attempts began to take digital assets and cryptocurrencies under full control.
On February 19, the head of Rosfinmonitoring, Yuri Chikhanchin, reported to Vladimir Putin on the development of a service for tracking criminal transactions with cryptocurrency. According to Chikhanchin, the department has developed a «transparent blockchain» that allows you to see all transactions with cryptocurrencies and reveal those who perform them.
It should be noted that the strengthening of control over finances affected not only cryptocurrencies.
On January 10, amendments to the federal law of the Russian Federation against laundering of proceeds from criminal activity came into force. Were taken under control of postal orders and withdrawal of money from the accounts of mobile operators for an amount exceeding 100 thousand rubles. At the same time, information on transactions worth more than 600 thousand rubles will be automatically transferred to Rosfinmonitoring.
Ministry of Finance of the Russian Federation: the launch of the digital ruble will simplify the transfer of funds and reduce costs
Russian Finance Minister Anton Siluanov spoke about the plans of the Russian authorities to launch the digital ruble.
Speaking at a session of the Bank of Russia and the financial department, the official also noted that our country is following the trend of the global blockchain industry.
The world is entering a qualitatively next phase of development. Cash flows through new technologies and digital assets.
Siluanov said Russia is ready to launch a cryptocurrency, which will facilitate capital transfers and lower transaction costs. In addition, the country’s authorities plan to present a platform for deploying smart contracts.
Recall that the Central Bank, together with the financial department, plans to test a token pegged to the ruble in 2022. A blockchain network for cryptocurrency transactions should appear this year.
The minister also stressed that Russia is becoming an attractive state for innovative business. There are no problems with the flow of investments.
However, supervisors are faced with the task of developing a mechanism to protect unqualified investors. Their number has grown significantly recently, Siluanov added.