Russian banks asking clients to justify USDT transactions ahead of Sept 1 crypto regulation
Russian banks are asking corporate clients to explain the economic rationale and provide counterparty details behind their USDT transactions, according to RBC, ahead of landmark crypto regulation taking effect on September 1. Banks are checking these transactions against an upcoming Central Bank registry.
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NEW: Russian banks are asking clients to explain the economic rationale and provide counterparty details behind their USDT transactions, according to RBC, ahead of landmark crypto regulation taking effect on Sept. 1. solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB https://t.co/EvO2eM1YhU
@The_NewsCrypto
🚨 NEW: 🇷🇺 Russian banks are asking corporate clients to explain the purpose of USDT transactions and provide details about counterparties. 🏛️ According to RBC, banks are checking these transactions against an upcoming Central Bank registry, ahead of Russia’s new crypto https://t.co/KzHRuypT0Y