The Russian Central Bank Requires Declaration of Overseas Cryptocurrency Holdings

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April 15 — The Bank of Russia says its citizens will need to declare overseas-held cryptocurrency assets once a new round of crypto regulations rolls out. First Deputy Governor Vladimir Chistyukhin noted the new rules will tighten Know Your Customer (KYC) requirements for exchanges to boost transaction transparency. He emphasized the regulation does not prohibit individuals or entities from holding crypto in overseas wallets — but they must report these holdings to the federal tax authority. The measure is scheduled to take effect in July, alongside the associated regulatory framework.

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