{"id":55245,"date":"2021-12-27T09:30:15","date_gmt":"2021-12-27T07:30:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55245"},"modified":"2025-09-04T00:24:57","modified_gmt":"2025-09-03T21:24:57","slug":"bank-of-russia-to-monitor-p2p-transfers-to-curb-bitcoin-exchangers","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-of-russia-to-monitor-p2p-transfers-to-curb-bitcoin-exchangers\/","title":{"rendered":"Bank of Russia to monitor P2P transfers to curb bitcoin exchangers"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">27 December 2021 | 11:27<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The Bank of Russia will collect de-identified customer data where there is a risk of use of banking platforms for illegal operations by cryptocurrency exchangers, online casinos and bookmakers. <a href=\"https:\/\/1prime.ru\/banks\/20211227\/835622739.html\" title=\"https:\/\/1prime.ru\/banks\/20211227\/835622739.html\">Prime writes<\/a>, citing the regulator&#8217;s press service.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We plan to collect de-identified data from those banks that provide P2P payment services linked to accounts opened under fictitious individuals and wallets of cryptocurrency exchanges, online casinos and unscrupulous actors in the financial market,&#8221; the central bank said.<\/p>\n<\/blockquote>\n<p>The new reporting will not affect other individuals&#8217; transactions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In other words, these are abuses \u2014 enormous sums in hours directed at the same recipients, when it is clear that these are not ordinary payments used by citizens or small businesses, but an obvious attempt to conduct illegal operations,&#8221; the Bank of Russia explained.<\/p>\n<\/blockquote>\n<p>For some credit institutions, if risks are identified, anonymised registers of those individuals&#8217; transfers that meet certain criteria may be requested.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The information identifying individuals will not be requested,&#8221; the Bank of Russia concluded.<\/p>\n<\/blockquote>\n<p>Earlier, <a href=\"https:\/\/www.rbc.ru\/finances\/27\/12\/2021\/61c5aa4b9a79475f312d6eba?from=from_main_1\" title=\"https:\/\/www.rbc.ru\/finances\/27\/12\/2021\/61c5aa4b9a79475f312d6eba?from=from_main_1\">RBC<\/a> reported that the Bank of Russia circulated to credit institutions a new form for reporting transfers between individuals. The form indicates that the regulator will request information on all transfers between individuals, including the personal data of senders and recipients of funds.<\/p>\n<p>As Reuters reported on December 16, citing two sources, the Bank of Russia wants <a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-on-plans-by-russias-central-bank-to-ban-investments-in-cryptocurrencies\">to ban Russians from investing in cryptocurrencies<\/a> due to the risk of financial instability.<\/p>\n<p>In September, the regulator said it planned to develop <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-proposes-curbing-bank-payments-to-bitcoin-exchanges\">a mechanism to block payments<\/a> to cryptocurrency exchanges and exchangers. Among the restriction options is blocking card transfers <a href=\"https:\/\/u1f987.com\/en\/news\/media-report-possible-mechanism-to-block-bitcoin-investments-in-russia\">by certain <span data-descr=\\\"Merchant Category Code \u2014 literally 'merchant category code'\\\" class=\\\"old_tooltip\\\">MCC<\/span>-codes<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Russia circulated to credit institutions a new form for reporting transfers between individuals. In doing so, the regulator aims to combat cryptocurrency exchanges, illegal online casinos, and businesses that accept payments on personal cards.<\/p>\n","protected":false},"author":1,"featured_media":55246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[345,1451,1257,455,27],"class_list":["post-55245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bank-of-russia","tag-bitcoin-regulation-in-russia","tag-currency-exchanges","tag-p2p","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55245"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55245\/revisions"}],"predecessor-version":[{"id":55247,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55245\/revisions\/55247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55246"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}