Techub News reports that, according to DL News, the Central Bank of Russia plans to require all cryptocurrency traders to undergo identity verification and promote the full implementation of KYC protocols by domestic exchanges to de-anonymize the country's cryptocurrency transactions. The relevant regulations are expected to take effect in July of this year. The central bank also requires Russian citizens to report their cryptocurrency assets held in overseas wallets to the Federal Tax Service.

The new rules will also prohibit users from transferring assets directly from Russian custodial wallets to overseas non-custodial wallets; all transfers must go through official cryptocurrency storage and exchanges. The central bank states it will not confiscate citizens' crypto assets but emphasizes strengthening regulation of non-custodial wallets to comply with anti-money laundering and KYC requirements. Additionally, Russia plans to launch a blockchain-based digital ruble to enhance economic transparency and curb capital outflows.