Russia's central bank asks banks to mark crypto transactions as "suspicious"

The Russian central bank has announced a plan requiring banks in the country to mark account holders handling crypto assets as "suspicious". According to RBC, the Russian central bank has submitted a request for amendments to a key 375-P agreement that outlines how banks should respond to money laundering activities. Although the central bank's proposal requires government approval, it still chills many members of the country's crypto community. The agreement has not been modified since 2012, but its impact may be broad: banks can use anti-money laundering rules to identify "suspected activities." They can then use this to decide whether to suspend or decline the transaction, and in some cases, even close or freeze the account.