$BTC TAKES A HIT AS RUSSIA PLANS TO MONITOR ALL CRYPTO TRANSACTIONS 💥
Russia is moving to force digital custodians and foreign institutions to report names, addresses, and wallet IDs for any crypto transfer over 60,000 rubles (roughly $680). That’s a low threshold—basically any retail trade. For foreign deals over 1 million rubles, they want tax IDs and DOB too.
They also propose capping bank digital asset exposure at 1% of capital and giving the central bank power to block certain transactions. The bill was delayed from July 1 but could now land September 1. This level of surveillance tends to spook the market—are you trimming positions or holding through the noise?
Not financial advice. Always manage your risk.
#BTC #Regulation #Russia #CryptoNews #Macro
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Russia is moving to force digital custodians and foreign institutions to report names, addresses, and wallet IDs for any crypto transfer over 60,000 rubles (roughly $680). That’s a low threshold—basically any retail trade. For foreign deals over 1 million rubles, they want tax IDs and DOB too.
They also propose capping bank digital asset exposure at 1% of capital and giving the central bank power to block certain transactions. The bill was delayed from July 1 but could now land September 1. This level of surveillance tends to spook the market—are you trimming positions or holding through the noise?
Not financial advice. Always manage your risk.
#BTC #Regulation #Russia #CryptoNews #Macro
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