At the Yekaterinburg Cybersecurity in Finance forum, the parliamentarian said that it would be necessary to identify users on cryptocurrency exchanges. We are talking about providing passport data, as commercial banks do. The deputies are now discussing the finalization of the bill on mining in order to make it responsible for illegal transfers in digital assets.
“If we legalize crypto exchanges, then obviously they should also use the identification mechanism, working through it. The identification system should be similar to that in banks. We are approaching serious decisions, and the topic of responsibility for working outside the law should be spelled out. In order for the infrastructure to start working and the mechanisms to work, at the same time there was the responsibility of those who do not comply with the law while working on the crypto market, ”the chairman of the Duma committee emphasized.
Earlier, Stanislav Kuznetsov, Deputy Chairman of the Board of Sberbank, spoke at the Ural forum, saying that the main state bank had revealed record volumes of illegal cryptocurrency transfers that go through exchangers in Moscow City.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.