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Anti-corruption checks to apply to crypto exchanges in Russia
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ambcrypto.comVladimir Putin’s administration has brought in a draft policy for crypto exchanges under its anti-corruption guidelines. The Russian government’s website stated that federal security officials can send inquiries to crypto exchanges and “operators of information systems in which digital financial assets are issued”.
The draft legislation allows “implementation of audits in order to counter corruption” with new powers to federal employees. Therefore, all transactions are expected to be reflected in the income statements. It is noteworthy that these changes are brought to the existing framework under the “Decree of the President of the Russian Federation,” dated 2 April, 2013.
At press time, the draft was under discussion and accepting public
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