In 2024, the Bank of Russia is going to track cross-border transfers related to the purchase of crypto assets. This follows from the Central Bank document.
The regulator wants to complete a full study of the possibilities for tracking transactions by February 9, 2024.
“The survey is conducted to establish the possibility of identifying in the total volume of cross-border money transfers of individuals transactions related to the purchase/sale of crypto-assets and the assessment of cost volumes,” says the explanatory note to the document.
According to the description, the new rule will apply to individuals who are tax residents of the Russian Federation.
Participants in the study will be at least 20 Russian banks, including Raiffeisenbank, Unicreditbank, BKS Bank, MTS Bank, Qiwi Bank, Citibank, OTP Bank, Ak Bars, Unistream Bank, RNKO Payment Center, Bank 131 ».
At the end of December, Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov spoke about plans to regulate cryptocurrencies. A high-ranking Duma member admitted that in November the authorities wanted, but were unable to agree on a package of bills — the government, the Ministry of Finance, the Ministry of Economy, the Central Bank and the security forces did not agree on fundamental points.
The State Duma is now awaiting consideration of amendments to the tax legislation on digital financial assets. In the spring, the value added tax (VAT) for the DFA will be discussed, assured Alexander Shenderyuk-Zhidkov, member of the Federation Council Committee on Budget and Financial Markets.