Russia mandates TIN for crypto custodian accounts to curb anonymity

Russia's financial monitoring agency (Rosfinmonitoring) will require a taxpayer identification number (TIN) to open accounts with digital asset custodians, a first-time mandatory identifier aimed at tightening anti-money laundering controls over crypto. This marks a regulatory escalation in Russia's approach to digital assets, potentially reducing anonymity for crypto users. The measure signals increased state oversight of the crypto sector, aligning with broader efforts to integrate digital assets into the regulated financial system.