According to Bits media, the Russian government plans to authorize the Federal Financial Monitoring Service of the Russian Federation to monitor all crypto transactions through a package of supporting bills, and to require more detailed information to be collected for crypto transactions exceeding 60,000 rubles and cross-border crypto transactions involving more than 1,000,000 rubles. Russian digital depository institutions and foreign financial institutions must submit the names or corporate names of payers and recipients, wallet addresses, physical addresses, dates of birth, and tax identification numbers; for transactions below 60,000 rubles, only the names or corporate names and wallet addresses are required. The bill also proposes setting the limit on banks’ digital asset exposure at 1% of bank group capital and expanding the authority of the Bank of Russia to restrict or ban certain crypto transactions. The relevant law was originally scheduled to take effect on July 1, but the review was blocked, and it may now be implemented on September 1.