The Bank of Russia plans to investigate cross-border crypto transfers by residents in order to assess the volume of crypto-related operations. The investigation will focus on transaction forms, transfer directions, counterparties, and the banks involved in these transfers. Major financial institutions, as well as regional banks, will be included in the study. The regulator's statistics department will analyze the impact of crypto-related cross-border transfers on the broader financial system. This investigation comes as crypto adoption in Russia is increasing, with approximately 6% of Russians holding cryptocurrency.
- Content Editor ( crypto.news )
- 2024-10-01
Russia’s central bank to probe crypto-linked cross-border transfers, banking channels