Svmuu News: The Russian government plans to pass accompanying legislation authorizing the Federal Financial Monitoring Service to monitor all cryptocurrency transactions and requiring the collection of more detailed information on cryptocurrency transactions exceeding 60,000 rubles and cross-border cryptocurrency transactions exceeding 1 million rubles. Russian digital custodians and foreign financial institutions will be required to report the names or business names of the payer and payee, wallet addresses, physical addresses, dates of birth, and tax identification numbers; for transactions under 60,000 rubles, only the name or business name and wallet address need to be provided. The bill also proposes capping banks’ digital asset exposure at 1% of a banking group’s capital and expanding the Bank of Russia’s authority to restrict or prohibit certain cryptocurrency transactions. The legislation was originally scheduled to take effect on July 1, but due to delays in deliberations, it may now be implemented on September 1.