[Russia Plans to Authorize Financial Monitoring Agency to Fully Monitor Crypto Transactions, Detailed Information Required for Transactions Over 60,000 Rubles] According to a report by Jinse Finance on July 10, citing Bitsmedia, the Russian government plans to pass a supporting bill to authorize the Federal Financial Monitoring Service of Russia to monitor all crypto transactions. It will also require the collection of more detailed information for crypto transactions exceeding 60,000 rubles and cross-border crypto transactions exceeding 1 million rubles. Russia's digital depository institutions and foreign financial institutions will need to report the names or company names of the payer and payee, wallet addresses, physical addresses, dates of birth, and tax identification numbers. For transactions below 60,000 rubles, only the name or company name and wallet address are required. The bill also proposes setting a cap on banks' digital asset exposure at 1% of the banking group's capital and expanding the Russian Central Bank's authority to restrict or prohibit certain crypto transactions. The related legislation was originally scheduled to take effect on July 1 but faced delays in review and may now be implemented on September 1.