Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

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Russians who use cryptocurrency should not be anonymous, a former Russian intelligence official said recently. The chief anti-corruption officer in the state called for more laws, including the establishment of a legal identification for those dealing with digital currency.

Official Anti-Corruption Forces Legislation To Reduce The Risk Of Using Cryptocurrency For Illegal Purposes

Alexander Bastrykin, head of the Research Committee of the Russian Federation, believes that people who use cryptocurrencies should not be anonymous. The superintendent shared his thoughts in an interview with the Rossiyskaya Gazeta government.

“I have already realized that with regard to the implementation of the federal law on ‘Digital Financial Assets’ in July 2020, additional threats to the use of digital currency for criminal purposes may arise, especially through counterfeit money laundering and extortion,” Bastrykin, formerly. Russia’s Deputy Prosecutor General, told an official newspaper. He explained:

As a result, the proliferation of digital currencies requires legal reform – firstly, a legitimate identification of users of such currencies is essential.

How the online platforms offering the opportunity to buy and sell cryptocurrencies anonymously is no longer known, Bastrykin said. Websites provide crypto exchange operations have had many problems with regulators and Russian courts over the past few years.

Digital currency trading is one of the crypto-related factors that remains outside the existing laws on the digital economy. A working group Established in the State Duma, Russia’s lower house of parliament, is now preparing for reform initiatives to address the remaining challenges.

The Commission of Inquiry is the largest anti-corruption watchdog in Russia, headed by the Russian President. It is responsible for tackling corruption and conducting research in government agencies, local governments, and law enforcement agencies.

In August, President Vladimir Putin signed a law ratification of the National Anti-Corruption Plan 2021-2024. As part of a new approach, the Russian leader ordered several services with a central bank, in preparation for visiting responsible officials to disclose their digital assets.

Speaking to RIA Novosti in December 2020, Alexander Bastrykin stressed that cryptocurrency should be recognized as a commodity for legal purposes and systems. He stressed that this is important in investigating cases in which digital money is involved. For example, about corruption and theft. November 2021, Office of the Prosecutor General in Russia has been given define cryptocurrency as an asset in the Criminal Code.

Tags in this article

Alexander Bastrykin, Anonymity, anti-corruption, Crypto, crypto exchange, crypto platforms, crypto rules, crypto business, Crypto Money, Crypto Money, Exchange, Staff, Identification, researchers, Research Committee, owners, Rules, Russia, Russian, business, users

What are your thoughts on Alexander Bastrykin’s idea of ​​establishing the official identity of cryptocurrency users in Russia? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who loves Hitchens’ words: “Being a writer is what I am, not what I do.” Aside from crypto, blockchain and fintech, global politics and economics are two other promising factors.




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