Russian Central Bank Tells Commercial Banks To Monitor Crypto Transactions By Customers Trying To Cheat Sanctions

The Bank of Russia, in Moscow. Note: Photo is a screenshot from Google Maps. (Google Maps/Newsflash) The Bank of Russia, in Moscow. Note: Photo is a screenshot from Google Maps. (Google Maps/Newsflash)
Copyrights: Google Maps/Newsflash

21 March 2022
The Bank of Russia has told commercial banks to monitor their customers' transactions in relation to cryptocurrencies amid concerns they may be used to evade sanctions imposed after the invasion of Ukraine. The Central Bank of Russia (CBR) reportedly sent out a letter to banks calling on...