Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”
- 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.
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Russia: Anonymity in Crypto Transactions Is Now Officially a “Myth”
- 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 More
Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next?