Russia mandates provision of a Taxpayer Identification Number to open a crypto account

According to Bits.media, Vlada Gracheva, an advisor to the Russian Federal Financial Monitoring Service, stated that customers opening accounts with digital custodians in Russia will be required to provide a tax identification number to ensure transparency in cryptocurrency transactions and prevent money laundering. Previously, providing a tax identification number was not mandatory when opening bank accounts. Additionally, the agency has been granted authority to monitor all cryptocurrency transactions; for any transaction exceeding 60,000 rubles, relevant institutions must report complete information about both parties, including names and actual addresses, to the regulator. Meanwhile, the Bank of Russia is researching a mechanism to link tax identification numbers with bank accounts, and the related "anti-fraud" platform is expected to officially launch in 2027.