The Central Bank of Russia is developing a platform to prevent illegal cryptocurrency transactions, using artificial intelligence to monitor high-risk clients and block suspicious transactions 🔒

The Central Bank of Russia, together with Rosfinmonitoring, is developing a platform to prevent illegal cryptocurrency transactions and other shadow transactions. The system will use artificial intelligence to quickly detect suspicious actions at the personal account level, which will prevent accounts from being used for illegal purposes. Project participants, such as Sber and VTB, will exchange information about high-risk clients. Mechanisms for protecting client rights will allow for the appeal of erroneous account blocks.