Russia requires tax IDs for crypto accounts

• Russia has made tax identification numbers mandatory for digital-depository accounts.
• Transactions above 60,000 rubles now face expanded reporting requirements.
• The rules have strengthened AML controls across Russia’s regulated crypto market.

Russia has made tax identification numbers mandatory for clients opening digital-depository accounts for cryptocurrency and digital rights.

The Federal Financial Monitoring Service has made the individual taxpayer number, or INN, a compulsory identifier for these accounts.

The requirement has formed part of Russia’s anti-money laundering framework, which took effect alongside the country’s regulated crypto market on September 1.

Transactions above 60,000 rubles now require detailed payer and recipient information, including names, account or wallet identifiers, addresses and taxpayer details where applicable.

Russia’s updated rules have also prohibited digital depositories and digital-asset operators from opening anonymous accounts or servicing clients under fictitious names.

The framework has allowed regulated crypto activity and certain cross-border settlements, while cryptocurrency remains prohibited as a payment method for ordinary goods and services inside Russia.