All crypto exchanges share user info with the state, Russian watchdog claims

Rosfinmonitoring asserts that anonymity in cryptocurrency transactions is a myth. All crypto exchanges in Russia are reportedly sharing user wallet information with government authorities, complying with international guidelines for information sharing.

Despite the absence of a solid legal structure for cryptocurrency activities in Russia, exchanges are actively verifying user identities and providing access to wallet details. Digital asset transactions are not protected as banking secrets, allowing authorities access without the need for court orders.

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