The Central Bank of Russia (CBR) has recommended that the country’s commercial banks step up monitoring of user transactions that could target the CBR’s “special economic measures to curb the outflow of foreign currency abroad.” local media reported on Thursday. The recommendation includes closer scrutiny of crypto trading, which has been cited as one of the vehicles for raising capital from Russia.
The letter, sent to the banking organizations on Wednesday by CBR Vice-President Yuri Isaev, instructs them to pay more attention to the cases of “unusual behavior” of their customers. This includes “abnormal” transaction activity and unusual spending patterns. Any cash withdrawals via digital currency should also attract more attention, the letter states.
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This post Central Bank of Russia Tightens Monitoring of P2P Transactions, Including Those in Crypto
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