Rosfinmonitoring allows businesses to conduct transactions in cryptocurrencies, but only between cou
As you know, in Russia it is forbidden to use cryptocurrencies as payment units. However, as the head of Rosfinmonitoring Yu. Chikhanchin points out, they can be applied. An important clarification is that businesses can use cryptocurrencies, but not within Russia, but at the state level. Chikhanchin said this at a regular meeting in the State Duma, as he writesParliamentary newspaper.
How exactly does Rosfinmonitoring allow businesses to use cryptocurrencies for transactions
According to Yu . Chikhanchin, businesses can easily use digital currencies for settlements in transactions. But this applies only to trade transactions between countries, and provided that the entire chain of transactions is fully controlled. About what kind of control and how it will be expressed, Chikhanchin did not specify. However, he claims that his department has already been able to launch a certain product. And with its help, you can access both sides of transactions.
At the meeting with the deputies, he emphasized that the results of using the software product are very good. There are a large number of opened criminal cases, and soon they will be considered by the courts. However, he did not specify what kind of criminal cases these are, for what amounts and how many of them have already been registered.
What software product is used to track cryptocurrency transfers
It is worth recalling that at the end of the summer of 2021, the Rosfinmonitoring department ordered a certain module for checking and analyzing transactions with cryptocurrencies from RCO. 15 million rubles were spent on it. Also at the end of February 2021, the "Transparent Blockchain" mechanism was introduced.
It helps to track all transactions with cryptocurrency, find out who its final beneficiary is. Whether the software product works or not, the agency does not provide any information. Perhaps, yes, since Chikhanchin claims that there are already criminal cases involving illegal transactions with virtual assets.
If the product works, then it will also be used to track transactions with crypto at the interstate level. Rosfinmonitoring tries to monitor and analyze all transactions related to virtual assets.
Author: Dan, analyst Сoin-signal.com Club
https://coin-signal.com/cryptonews/rosfinmonitoring-allows-businesses-to-conduct-transactions-in-cryptocurrencies-but-only-between-countries/
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