Russian bankers will discuss with the Central Bank methods for identifying sources of capital from the sale of cryptocurrencies – Bits Media

During a meeting on financial technologies, the Association of Banks of Russia and the Ministry of Finance decided to involve the Central Bank and Rosfinmonitoring in a discussion about ways to identify clients and their capital in the cryptocurrency market.

The Association of Banks of Russia and the Ministry of Finance of the Russian Federation held meeting, dedicated to improving the bill on supervision of cryptocurrencies. At the meeting, the problems of choosing a settlement model for transactions with digital currencies were discussed, identification of users and confirmation of transparency of the origin of capital after the sale of digital assets.

At the meeting it was decided, that for equal conditions for the functioning of different participants in the cryptocurrency circulation system, it is necessary to determine the areas of responsibility of banking organizations and other participants in the crypto market. One aspect of the threat to banks is confirmation of the sources of capital, proceeds from the sale of digital assets.

During the discussion, the positive and negative aspects of nominal and special accounts for settling transactions with digital assets were noted, boundaries of legal supervision for banks regarding the identification of participants in exchangers and cryptocurrency exchanges, as well as the possibility of exchanging data when identifying the sources of origin of cryptocurrency.

The Ministry of Finance reported, that the bill is now undergoing government procedures. The authors of the bill study and note all proposals from interested parties. According to the regulator, the collected and analyzed proposals will be taken into account in the bill when it is considered in the State Duma.

At the end of the discussion, the parties agreed on the decision to hold a meeting with the Bank of Russia and Rosfinmonitoring, during which the problems of identifying users and ensuring transparency of the origin of capital from the sale of digital assets will be discussed.

Recently, the Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, said, that a bill on regulating cryptocurrencies should not be expected to arrive in parliament in the near future.