Russia moves to require banks to report crypto transactions

Russia's central bank (CBR) is pursuing a plan that would require commercial banks to submit detailed reports on their customers' cryptocurrency-related transactions, Cryptopolitan reported, citing local media. The proposed amendment would mandate that banks report information such as sender and receiver details, transaction methods, intermediaries, fees, and the source of funds. The reporting requirement would also extend to transactions involving NFTs and tokenized real-world assets.