{"id":1298,"date":"2024-04-25T00:21:59","date_gmt":"2024-04-25T00:21:59","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/25\/russia-implements-new-system-for-tracing-crypto-to-fiat-links\/"},"modified":"2024-04-25T00:21:59","modified_gmt":"2024-04-25T00:21:59","slug":"russia-implements-new-system-for-tracing-crypto-to-fiat-links","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/04\/25\/russia-implements-new-system-for-tracing-crypto-to-fiat-links\/","title":{"rendered":"Russia Implements New System for Tracing Crypto-to-Fiat Links"},"content":{"rendered":"<p>Ilya Bushmelev has suggested that based on the results of the pilot, financial lenders should have a basic understanding of the necessary actions and tools for conducting crypto-compliance. The pilot, initially scheduled to conclude by the end of May, may be extended depending on the results.<\/p>\n<p>The primary objective of the pilot is to establish a foundational understanding of the required actions and tools for financial institutions in terms of crypto compliance. This encompasses procedures such as &#8220;know-your-crypto-client&#8221; and &#8220;know-your-crypto-transaction&#8221;.<\/p>\n<p>However, as of now, it is uncertain whether the pilot has yielded positive insights. This initiative is part of Russia&#8217;s ongoing efforts to navigate the complexities of the crypto landscape.<\/p>\n<p>Despite this, there have been no public announcements regarding the outcomes of the pilot so far. It remains unclear whether Russia&#8217;s central bank and Rosfinmonitoring are specifically targeting transactions associated with Garantex or aiming to identify all crypto activity within the traditional finance sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ilya Bushmelev has suggested that based on the results of the pilot, financial lenders should have a basic understanding of the necessary actions and tools [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[411],"tags":[],"class_list":["post-1298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-compliance-in-russia"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1298"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1297"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}