Russia has made taxpayer identification numbers a mandatory part of opening digital depository accounts used to record cryptocurrencies and digital rights as authorities tighten identity checks across the country’s newly regulated crypto market.
Summary
- Russia will require clients to provide their INN tax number when opening accounts with digital depositories.
- Rosfinmonitoring said the mandatory identifier will be used to improve transparency of cryptocurrency transactions.
- Crypto transactions above 60,000 rubles will require detailed information about the payer and recipient to be reported.
- The requirement comes as Russia rolls out its regulated crypto market and expands…
