PANews reported on May 19th, citing Bits.media, that the Russian State Duma is considering a supplementary bill to the "Law on Digital Currency and Digital Rights," proposing mandatory monitoring of cryptocurrency transactions exceeding 1 million rubles (approximately $13,700). The bill requires operators to identify customers, detect suspicious transactions, implement internal controls and document management, transmit data to government agencies, and connect with the Central Bank of Russia. Digital compliance will be mandatory, including checks on wallets and cryptocurrencies for money laundering and funding of organizations deemed undesirable. Exchanges can delegate customer identification procedures to banks and must operate as non-credit institutions. The Central Bank has the power to restrict their activities, require management changes, remove them from the register, and even liquidate the company through the courts. The supplementary bill also includes administrative and criminal liabilities, with fines of 30,000 to 50,000 rubles for public officials and 700,000 to 1 million rubles for legal entities for violations. Organizing the illegal circulation of cryptocurrency can result in a maximum sentence of seven years imprisonment.