According to the source, the federal service Rosfinmonitoring has already selected a contractor for “work on the creation of a module for monitoring and analyzing cryptocurrency transactions using bitcoin.”
The contractor was RCO, which belongs to Rambler Internet Holding, which means Sber. The RCO will receive 14.7 million rubles for its work.
According to the documentation, the same monitoring module will be used to track the chain of movement of digital financial assets, maintain a database of cryptocurrency wallets associated with illegal activities, as well as monitor the behavior of participants in the cryptocurrency market in order to identify them.
Thus, Rosfinmonitoring will have a system for tracking cryptocurrency transactions with the ability to identify participants in this market. How this will be implemented technically is not yet clear.
But in the same project documentation, you can find the goals of the project. In particular, it states that the control of cryptocurrency transactions is necessary to “increase the level of law-abiding financial institutions” taking into account the risks of money laundering and terrorist financing. In addition, Rosfinmonitoring plans to use the cryptomonitoring module to reduce the risks of financing illicit drug trafficking, as well as “to ensure the safety and targeted use of budget funds.”
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