Bank

Major

Coin

<ul class="wp-block-list news-points">
 <li>Banks will block suspicious digital ruble transactions under new anti-laundering rules.</li>
 <li>The Bank of Russia will oversee and freeze suspicious digital ruble transactions if needed.</li>
 <li>Anti-money laundering regulations for the digital ruble take effect in January 2025.</li>
</ul>
The Russian State Duma is <a href="https://iz.ru/1768926/valentina-averianova/pravo-veto-bankam-razreshat-blokirovat-podozritelnye-operatcii-s-tcifrovym-rublem" target="_blank" rel="noopener noreferrer nofollow">developing a bill</a> to apply anti-money laundering measures to the digital ruble platform. According to the State Duma Committee on Financial Markets, it is time to adopt the bill that would allow banks to block suspicious transactions. Once approved, the bill will take effect on January 1, 2025.
The bill was introduced in March by deputies and senators led by Anatoly Aksakov. The digital ruble is a new form of national currency intended to modernize Russia’s financial system.
<h2 class="wp-block-heading" id="h-central-bank-takes-on-major-role">Central Bank Takes On Major Role</h2>
The bill proposes a multi-level anti-money laundering model for the digital ruble platform. The Central Bank of Russia will play a key role in this model, <a href="https://coinedition.com/russia-cryptocurrency-regulations-the-ultimate-guide/" rel="noopener noreferrer nofollow">enforcing anti-money laundering measures</a> and monitoring transactions. Users will fall into three risk groups, and the bank can freeze funds in suspicious cases. If requested by Rosfinmonitoring, the Central Bank …
The post <a href="https://coinedition.com/digital-ruble-to-get-anti-money-laundering-upgrade-in-2025/" rel="noopener noreferrer nofollow">Digital Ruble to Get Anti-Money Laundering Upgrade in 2025</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Digital Ruble to Get Anti-Money Laundering Upgrade in 2025

Table of Contents

Coin Edition

Other articles published on Oct 4, 2024

Top 4 cryptos under $1 that could deliver 555x returns by end of 2024

SEC vs. Ripple Case: Appeal Timeline and Implications for XRP

Hamster Kombat's Season 1 Airdrop: Only 43% of Users Eligible

How to Start Investing in Crypto - The Complete Guide

Solana’s New Web3 Smartphone "Seeker": What You Need to Know

OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up?

Join our free newsletter for daily crypto updates!