Saltık 
A new law signed by Russian President Vladimir Putin aims to tighten cryptocurrency and Bitcoin regulations, increasing the Russian government’s control over the sector. The regulation, which will come into effect on November 1, gives the government the authority to impose regional restrictions on cryptocurrency mining activities, while also providing tighter oversight over mining pools and infrastructure providers.
The law expands access to digital wallet addresses, particularly for federal agencies such as the Federal Financial Monitoring Service (Rosfinmonitoring), so that they can monitor digital currency transactions. This increases measures against money laundering and terrorist financing. In addition, the management of the national mining registry has been transferred from the Ministry of Digital Development to the Federal Tax Service, which will take on the task of ensuring compliance in the sector and punishing those who do not comply with the rules.
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The move aligns with Russia’s efforts to develop a digital ruble, as well as its strategy to use cryptocurrencies in international trade to bypass Western sanctions and reduce its dependence on the dollar. In August, President Putin signed a framework that experimentally enables the use of cryptocurrencies in international transactions; this framework allows cross-border crypto transfers under the supervision of the Central Bank.
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