The Federal financial monitoring service will monitor transactions of cryptocurrencies


The Federal service for financial monitoring (Rosfinmonitoring) intends to create an analytical service to track the cryptocurrency operations.

The service will be integrated into a Single information system of the Federal financial monitoring service, which currently is also in development. It will allow to store data for the various financial fraud and track the relationship between them.

The development of the service will be engaged in the Moscow Institute of security and analysis of information (SPI). It will need to implement means of collecting and processing information about transactions in the bitcoin network, and about the wallets.

In addition, the Institute will implement several improvements in the system, and the total amount of the contract amounted to nearly 200 million rubles.

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