Russia central bank’s surveillance platform aims to tackle illegal crypto trading

The Central Bank of Russia is developing a surveillance platform to enhance financial security and block illegal cryptocurrency transactions, especially those tied to online casinos and other illicit businesses. This ensures better monitoring of HIGH-risk accounts.

This platform will provide banks with a centralized database to detect unusual transaction patterns in real time. Despite concerns over false positives, there will be a procedure for flagged individuals to regain access to their accounts.

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