The Russian Central Bank has tightened its oversight of peer-to-peer cryptocurrency transactions.

According to local media, the CBR (Central Bank of Russia) advised that the country’s commercial banks increase their monitoring of consumers’ transfers, which might target the implementation of the CBR’s economic measures to combat the outflow of foreign money. The plan takes into account a close examination of cryptocurrency trading, which is one of the methods of capital withdrawal from Russia.

Yuri Isaev, the CBR’s voice chairman, sent a letter to banking institutions on Wednesday, advising them to be extra cautious of their customers’ anomalous conduct. This takes into account both the back-end transactional activities and the out-of-the-ordinary spending habits.

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