DailyCoin
DailyCoin

Bitcoin Price, Digital Currencies News, Blockchain News, Charts and Information

Post Login
  • Home
  • Price & Data
    • Bitcoin Price Index
    • Bitcoin Cash (BCH) Price
    • Ethereum Classic (ETC) Price
    • Ethereum Price
    • Litecoin (LTC) Price
    • Ripple (XRP) Price
    • EOS (EOS) Price
    • Dash (DASH) Price
    • Zcash (ZEC) Price
    • Market Center
    • Monero (XMR) Price
    • Bitcoin Price Ticker Widget
  • News
    • Business News
    • Markets News
    • Technology News
    • Features
    • Legal
    • Bitcoin Market
    • Mining
    • Companies
    • Crime
    • Ethereum Market
    • Bitcoin
    • Exchanges
    • Regulation
    • Litecoin Market
    • Security
    • Startups
    • Banking
    • Prices News
    • Ethereum
    • Bitcoin ATMs
    • Bitcoin News
    • Ripple Market
    • Energy
    • Press Releases
  • Guides
    • What is Bitcoin?
    • Why Use Bitcoin?
    • How Can I Buy Bitcoins?
    • How do Bitcoin Transactions Work?
    • How Bitcoin Mining Works
    • How to Store Your Bitcoins
    • What Can You Buy with Bitcoin?
    • Who is Satoshi Nakamoto?
  • Wallet
X

Russian Agency to Track Crypto Wallets of Criminal Suspects

Magnifying-Glass

Russian Agency to Track Crypto Wallets of Criminal Suspects

August 30, 2018 11:56 PM | By Jit Sutradhar Crime Legal News Regulation

  • Google
  • Facebook
  • Twitter
  • More
    • Pinterest
    • Reddit
    • Digg
    • Linkedin
    • Delicious
    • Tumblr
    • BufferApp
    • Pocket
    • Evernote

Rosfinmonitoring, the Russian government agency responsible for monitoring and preventing financial crimes in the country, is seeking to expand its internal systems to account for cryptocurrencies.

The order, first reported earlier this week by the BBC, indicates that the agency wants to beef up its ability to monitor alternative types of transactions, including those made with cryptocurrencies. According to the publication, an improved system allowing for data about crypto wallets tied to certain individuals is being developed by Moscow Institute for Security and Information Analysis (SPI), with a price tag of roughly 195 million rubles (or about $2.8 million).

According to documents published through an electronic auction system that registers purchases and purchase requests from Russian agencies, Rosfinmonitoring should get the updated system before the end of the year.

The SPI has created other law enforcement-focused tools in the past, according to the BBC. Outside of the documents, not much is known about the scope of the initiative, and the SPI didn’t respond to a request for comment.

Rosfinmonitoring declined to reveal any details about its crypto-monitoring capabilities, with its press office saying in an email that information about the system is classified.

That the agency would solicit such functionality is perhaps unsurprising, and its work could one day fit into a wider regulatory framework within Russia. As previously reported, policymakers and legislators in the country have gone back and forth on the question of cryptocurrency oversight. Last year, for example, it was reported that Rosfinmonitoring could play a possible role in monitoring transactions on regulated cryptocurrency exchanges.

Yet the criteria for how that information would be added to Rosfinmonitoring’s systems isn’t clear. In recent years, the number of people placed on the agency’s list has been tabulated by those who have been charged over social media posts that are considered extremist or anti-religious in nature.

Right now, the list of individuals whose accounts have been blocked in Russia due to terrorism charges includes 8,600 people. The list of entities has 485 entries, with most of them being various Russian religious organizations. The database also lists 101 foreign entities and 415 foreign individuals.

Image via Shutterstock

 

Article Source: http://www.coindesk.com

law enforcementRussia
  • Google
  • Facebook
  • Twitter
  • More
    • Pinterest
    • Reddit
    • Digg
    • Linkedin
    • Delicious
    • Tumblr
    • BufferApp
    • Pocket
    • Evernote
huobi

Previous :


Crypto Exchange Huobi Acquires Public Firm for $70 Million
June-25-OECD

Next :


OECD Event to Examine the Potential Impact of Blockchain

Related Posts

Tokyo
News

SBI, R3 Team Up to Promote Adoption of Corda Blockchain in Japan

Japanese financial services giant SBI Holdings and blockchain consortium startup R3 have formed a joint venture to boost the adoption …

January 29, 2019 1:45 pm | Jit Sutradhar

bill, check
News

2017’s Big Question: Who Pays for the Blockchain?

Wayne Vaughan is the CEO of Tierion, a proof engine that lets you prove the integrity of any data, file, …

December 29, 2016 8:29 pm | Jit Sutradhar

digital, law, computer
Bitcoin

The Risks of Segregated Witness: Possible Problems Under US Contract Law

Jimmy Nguyen is chief intellectual property, communications and legal officer for nChain, a research and development firm focused on blockchain …

June 27, 2017 2:00 pm | Jit Sutradhar

pig, bank
Business News

ICO Meets VC: Blockstack Raises $25 Million for Decentralized Internet Fund

While initial coin offerings (ICOs) have fast become the breakout method for blockchain fundraising, at least one industry startup thinks …

August 16, 2017 12:05 pm | Jit Sutradhar

Comments (0)

    Write a Reply or Comment Cancel reply

    You must be logged in to post a comment.

    You must be Logged In or Sign Up to post a comment.

    Recent Releases

    • Hands-On Preview of Samsung’s Galaxy S10 Phone Reveals New Crypto Details

      February 22, 2019 2:45 PM | By Jit Sutradhar

    • Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan

      February 22, 2019 2:42 PM | By Jit Sutradhar

    • Andreas M. Antonopoulos Warns Against Ethereum In-Fighting

      February 22, 2019 2:35 PM | By Jit Sutradhar

    • Crypto Exchange ShapeShift Is Looking for a New CFO

      February 22, 2019 12:16 PM | By Jit Sutradhar

    Features

    • Hands-On Preview of Samsung’s Galaxy S10 Phone Reveals New Crypto Details

    • Bitcoin on building

      Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan

    • Andreas M. Antonopoulos

      Andreas M. Antonopoulos Warns Against Ethereum In-Fighting

    • Bitcoins

      Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

    • EY_ernst_young

      QuadrigaCX Has Sent All Its Bitcoin and Ether to ‘Big Four’ Auditor EY

    • Home
    • Guides
    • About
    • Contact
    © 2019 DailyCoin . All Rights Reserved.

    Join to DailyCoin


    SignUp with Facebook
    SignUp with Twitter
    SignUp with Google
    or with email
    Username
    Email
    Password (at least 6 characters)
    Confirm Password

    Login to DailyCoin


    Login with Facebook
    Login with Twitter
    Login with Google
    or with email
    Username or e-mail
    Password
    Remember Me
    Lost Password?

    Reset Password

    Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.


    Username or E-mail


    Loading...

    Don't have an account? Sign Up Already have an account? Login