The Central Bank of Russia develops a new monitoring platform to combat illegal cryptocurrency over-the-counter trading services

ChainCatcher news, the Central Bank of Russia is developing a new monitoring platform to combat illegal cryptocurrency over-the-counter trading services and enhance financial security.

Sources revealed that this initiative is being implemented in cooperation with Rosfinmonitoring. The platform will centralize information on suspicious activities, enabling banks to take proactive measures to refuse account openings for high-risk individuals.

Bogdan Shablya, head of the Central Bank's Financial Monitoring and Currency Control Service, confirmed that the platform's goal is to make illegal financial operations economically unviable by blocking them at entry points. Unlike major monitoring companies that heavily rely on passive measures of KYC systems, this platform will actively target individual accounts and focus on real-time detection of abnormal trading patterns.