The Russian Central Bank is adjusting the reporting mechanism for private international transfers. Under the new plan, commercial banks will need to provide the Central Bank with complete information on clients' cryptocurrency transactions—including the identity verification of counterparties, specific transfer channels, involved intermediary institutions, fee costs, as well as the nature of the transactions and the source of funds.

More specifically, buy and sell operations of cryptocurrencies must be reported separately, and transactions related to digital rights and NFTs must also be reported on a case-by-case basis according to regulations. This indicates that Russia is further intensifying its regulatory efforts on crypto assets, and the disclosure requirements for financial institutions are also being increased.