Financial watchdog FATF reduces Russia’s rating over digital asset control deficiencies

The Financial Action Task Force (FATF) has recently adjusted Russia’s compliance rating to “partially compliant” in terms of its ability to monitor and combat suspicious transactions involving virtual assets.  Reason for Russia’s downgrade Reports from RBC indicate that this downgrade is primarily due to shortcomings in Russia’s 2020 “On Digital Financial Assets” legislation. The law […] source: https://www.cryptopolitan.com/fatf-reduces-russias-rating-digital-asset-control-deficiencies/