Russia Links Regulated Crypto Accounts to Tax IDs—What Users Need to Know

• Russian crypto users must link their Tax Identification numbers to regulated accounts.
• Crypto service providers in Russia must report user data and high-value transactions.
• Self-custody crypto users in Russia face severe structural barriers during transactions.

Russia has introduced a new law that requires crypto users to provide a Taxpayer Identification Number (TIN) before opening an account. Vlada Gracheva, advisor to the Director of Rosfinmonitoring, stated this during a recent announcement, noting that the new rule is part of the government’s fight against money laundering.

Gracheva explained that clients’ TIN is becoming a new mandatory identifier for ensuring the trans[arency of crypto transactions. It is a 12-digit number assigned to Russian citizens and used throughout the federation. Beyond the cryptocurrency ecosystem, the Russian government also pla…

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