The Russian central bank is attempting to push for all cryptocurrency traders to undergo identity verification checks BlockBeats news, on April 14th, according to DL News, the Kremlin wants to know the population involved in cryptocurrency trading in Russia. The Central Bank of Russia hopes to prohibit users from withdrawing encrypted assets from wallets operated by domestic enterprises if they have not completed identity verification. As part of a package of cryptocurrency regulatory measures planned to take effect in July, the central bank also hopes to mandate domestic trading platforms to implement KYC mechanisms to achieve de anonymization of Russian cryptocurrency transactions. In addition, regulatory agencies also hope to obtain information on the cryptocurrency assets held by their citizens abroad. The first vice president of the bank, Vladimir Chistyukhin, said in an interview, "No one is trying to prevent Russian individuals or legal entities from continuing to hold cryptocurrencies in overseas wallets. Our only basic requirement is that they must declare these assets to the Federal Tax Service