The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos.
Putin Calls Other Offices to Join the Fight Against the Usage of Cryptos for Illicit Purposes
According to a transcript made public on the Kremlin’s official site, Putin considered that the General Prosecutor’s Office should keep engaged in strengthening financial monitoring. That being said, the Russian President pointed directly to cryptocurrencies:
There is one more point — quite new, but essential: to take additional measures to suppress the illegal cross-border movement of funds of digital financial assets. Criminal elements are increasingly using these digital financial assets, and this certainly needs to be paid close attention to with colleagues from other departments, including Financial Monitoring.
Financial Monitoring, or Rosfinmonitoring, is the Russian government agency responsible for overseeing all anti-money laundering-related matters in the country.
Per the Kremlin press office, Putin’s meeting held with the attorney general’s office was done to review the results of their work in 2020.

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