Russia's Central Bank is set to introduce new strict regulations in the crypto market. Under this recently announced measure, all crypto traders will be required to undergo full identity verification (KYC), and strict restrictions will be imposed on domestic fund transfers.

The main points of the policy are: local exchanges must implement a complete real-name verification system. Users will not be able to send funds from an authorized domestic wallet to an unverified foreign wallet. Additionally, the government will require residents to publicly disclose their crypto assets held abroad to control capital outflows.

Bank officials have stated that these rules will not ban personal crypto holdings but will ensure transparency and legal compliance. Reducing the risk of money laundering is also a goal. The policy is expected to be approved at the beginning of July.

Analysts believe that Russia, during this period of economic pressure, is tightening control over the crypto sector to regulate capital flows. This move could significantly impact the country's crypto market and alter user behavior.