Woofun AI reports that the Russian government intends to empower Rosfinmonitoring to oversee all cryptocurrency transactions through new legislation. Digital custodians and foreign financial institutions must submit payer and payee names, wallet addresses, physical addresses, dates of birth, and tax IDs for trades exceeding 60,000 rubles or cross-border transfers over 1 million rubles. Smaller transactions require only name and wallet details. The proposal limits banks' digital asset exposure to 1% of group capital and grants the Central Bank authority to block specific crypto activities. Implementation is now expected on September 1, following a delay from the original July 1 target.