Russia’s Duma Committee on Financial Markets is considering establishing of mandatory identification process for users of digital financial assets, including cryptocurrencies. According to the amendment, unidentified crypto users will be outlawed, the committee chairman, Anatoly Aksakov, said.
On March 6, Russia’s parliament adopted a crypto regulatory bill “On Digital Financial Assets”. Previously the State Duma approved the bill in a first reading in May 2018, but it raised some criticism from both the crypto and legal industries.
In February, the government received from Russian President Vladimir Putin order for crypto regulations adoption in the spring session of 2019.