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MainNewsRussia: Anon...

Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”


by Coin Edition
for CoinEdition
Rosfinmonitoring confirms Russian crypto exchanges like Binance share user data with authorities, ending crypto anonymity in Russia.
  • Major cryptocurrency exchanges, including Binance, have established protocols to comply with legal requests from Russian authorities
  • Rosfinmonitoring’s surveillance tool reportedly provides access to over 12,000 officials, which allows them to monitor crypto transactions extensively
  • Crypto exchanges lack legal status and operate with almost no regulation in the country

Recent reports indicate that Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) has confirmed that cryptocurrency exchanges operating within the country are sharing user transaction data with authorities without requiring court orders.

Head of the legal department at Rosfinmonitoring, Olga Tisen, said: “All crypto exchanges that have at least one representative office in Russia interact with law enforcement organizations, providing information about owners of crypto wallets.”

Rosfinmonitoring: Russian Crypto Exchanges Share User Data Without Court Orders

Tisen also pointed out that major cryptocurrency exchanges, including Binance, have established protocols to comply with legal requests from Russian authorities. For instance, Binance has a dedicated portal for law enfor…

The post Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth” appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsRussia: Anon...

Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”


by Coin Edition
for CoinEdition
Rosfinmonitoring confirms Russian crypto exchanges like Binance share user data with authorities, ending crypto anonymity in Russia.
  • Major cryptocurrency exchanges, including Binance, have established protocols to comply with legal requests from Russian authorities
  • Rosfinmonitoring’s surveillance tool reportedly provides access to over 12,000 officials, which allows them to monitor crypto transactions extensively
  • Crypto exchanges lack legal status and operate with almost no regulation in the country

Recent reports indicate that Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) has confirmed that cryptocurrency exchanges operating within the country are sharing user transaction data with authorities without requiring court orders.

Head of the legal department at Rosfinmonitoring, Olga Tisen, said: “All crypto exchanges that have at least one representative office in Russia interact with law enforcement organizations, providing information about owners of crypto wallets.”

Rosfinmonitoring: Russian Crypto Exchanges Share User Data Without Court Orders

Tisen also pointed out that major cryptocurrency exchanges, including Binance, have established protocols to comply with legal requests from Russian authorities. For instance, Binance has a dedicated portal for law enfor…

The post Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth” appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Shiba Inu Burns Surge as Community Removes Over 537 Million SHIB in 24 Hours

Shiba Inu Burns Surge as Community Removes Over 537 Million SHIB in 24 Hours

Shiba Inu (SHIB) ‘s burn activity has shown no signs of slowing down, as the communit...
Will Aptos (APT) and Filecoin (FIL) Drive the Next Layer 1 Narrative Shift?

Will Aptos (APT) and Filecoin (FIL) Drive the Next Layer 1 Narrative Shift?

Aptos (APT) and Filecoin (FIL) are showing renewed signs of strength, each emerging a...