Bank of Russia plans broader reporting rules for banks on citizens' crypto transactions

The Bank of Russia is preparing new rules that will require commercial banks to provide detailed reports on Russian citizens' cross-border transactions, including operations related to cryptocurrencies and digital assets. The draft regulation expands the list of reportable international transfers, covering factors such as residency status, transaction method, fees, and separate reporting of crypto trades and mining proceeds, ahead of wider crypto market legislation expected by the summer of 2026.