According to Bits media, the Russian government plans to pass a package of bills authorizing the Federal Financial Monitoring Service to monitor all cryptocurrency transactions, and to require collection of more detailed information for crypto transactions exceeding 60k rubles and cross-border crypto transactions exceeding 1 million rubles. Russian digital depositories and foreign financial institutions will need to submit the names or corporate names of payers and recipients, wallet addresses, physical addresses, dates of birth, and tax IDs; transactions under 60k rubles only require names or corporate names and wallet addresses. The bills also propose capping banks' digital asset exposure at 1% of bank group capital, and expanding the Russian central bank's authority to restrict or ban certain crypto transactions. The relevant laws were originally scheduled to take effect on July 1, but deliberation has been delayed, and they may now be implemented on September 1.