As per BitMedia, Russian banks have started blocking cards after cryptocurrency purchases or receiving funds from exchangers, citing stricter financial controls. The Central Bank is tracking suspicious transactions and has introduced criminal penalties for illegal payment flows, including up to six years in prison. Crypto investors are advised to avoid peer-to-peer (p2p) platforms and use licensed exchanges with KYC/AML compliance. Experts recommend keeping transaction records on external devices and consulting a lawyer if contacted by authorities. New regulations may lead to stricter licensing for crypto exchanges by 2027.
Russian Crypto Users Face Stricter Bank Controls in 2025
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