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.
Read more on Coin TelegraphDisclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data.
Fusion Media or anyone associated with Fusion Media assumes no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts, and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.
This post Central Bank of Russia Tightens Monitoring of P2P Transactions, Including Those in Crypto was original published at “https://www.investing.com/news/cryptocurrency-news/central-bank-of-russia-tightens-p2p-transactions-monitoring-including-those-in-crypto-2787802”