Bankers will discuss with the Central Bank of the Russian Federation the identification of customers and the transparency of funds in bitcoin transactions

The Association of Banks of Russia (ADB), together with representatives of the Ministry of Finance, discussed the upcoming bill onregulation of cryptocurrencies. This was reported in the press service of the organization.

The meeting discussed the need to establish the area of ​​responsibility of banks and market participants to create equal conditions for their work with digital currencies.

«One of the aspects of risk for credit institutions — This is confirmation of the sources of origin of funds received as a result of the sale of cryptocurrency,” noted the ADB.

Now the organization is going to hold a meeting with the Central Bank of the Russian Federation and Rosfinmonitoring to discuss customer identification and ensure transparency of the origin of funds when selling cryptocurrencies.

Recall that the draft law "On digital currency"provides for conducting transactions with crypto assets through Russian banks, identifying holders of crypto wallets and dividing investors by qualifications.

According to media reports, the Ministry of Finance finalizedbill, prescribing the obligation of bitcoin exchanges and exchangers to cooperate with law enforcement officers and store information about users and their operations for three years.