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Tuesday , September 14th 2021

18:55 Bank of Russia recommends blocking cards, wallets used for crypto exchangers - EconoTimes

Econotimes reported the Central Bank of Russia (CBR) has lumped crypto exchangers with illegal forex dealers and financial pyramids among those doing shady businesses in advising commercial banks on how to identify and block their cards and wallet accounts. The CBR has been opposing the legalization of cryptocurrencies and related activities.
Russian banks need to analyze and identify suspicious transactions in their anti-money laundering (AML) efforts and terminate services.
Among the cause of concern for the CBR were deposits and withdrawals reaching 30 a day and numerous individual payers or recipients of over 10 per day or 50 per month.