In Russia there will be a register of crypto investors. They will be identified by passport and TIN as well as they will also have to pass certification in order to invest in ICO projects. It was told to “Izvestia” from a close to the Ministry of Finance source. The information was confirmed by a source, which is close to the Central Bank, as well as from two bankers who are familiar with the situation. Experts supported the innovation. In their opinion, as a result, the Russian crypto industry will become more transparent <…>.

Chairman of the State Duma Financial Market Committee Anatoly Aksakov explained to Izvestia that identification of crypto investors is needed within the framework of anti-laundering legislation execution.

The Russian Association of Cryptocurrency and Blockchain (RACIB) also supports the register creation. Moreover, the RACIB is preparing a report to the Russian president, which contains proposals to accelerate the development of the crypto industry in the country. The Association plans to send the document to Russia.

– Regulators rightly oppose the ICO anonymity. The newest issue is being solved everywhere when passing the procedure of KYC (“Know your customer”), – said the president of the RACIB, Yuri Pripachkin. This is the same procedure that is used in the banking system. The register will exclude anonymity when investing in various projects within the crypto industry and ICO.

According to the RACIB, in Russia there are now about 2 million crypto investors. Yuri Pripachkin predicts that by the end of the year the number will grow up to 3 million, and in 2019 – it will double <…>