HawkInsight

  • Contact Us
  • App
  • English

Russia's central bank develops new monitoring platform to crack down on illegal cryptocurrency over-the-counter trading services

According to cryptonews, Russia's central bank is developing a new surveillance platform to crack down on illegal cryptocurrency over-the-counter trading services and strengthen financial security. Sources revealed that the move was implemented in cooperation with Rosfinmonitoring. The platform will centralize information about suspicious activity, allowing banks to take proactive action and refuse to open accounts for high-risk individuals. Bogdan Shabria, director of the Central Bank's Financial Supervision and Currency Control Services, confirmed that the platform's goal is to make illegal financial operations economically unfeasible by blocking at points of entry. Unlike the KYC system, which mainly monitors companies and relies heavily on passive measures, the platform will proactively target individual accounts and focus on detecting abnormal trading patterns in real time.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More