Starting September 1, 2026, a landmark change comes into effect in the Russian financial system: Rosfinmonitoring begins receiving data on transactions through the Fast Payment System (SBP), the unified QR code, and the Mir payment system. This decision fundamentally changes the landscape for all market participants, including cryptocurrency holders and users of P2P schemes.
What does this mean for crypto enthusiasts?
My analysis shows that the key blow will fall on the ruble circuit that services crypto exchanges and P2P platforms. These services actively use SBP and Mir for fiat settlements, and now such transfers fall under automatic monitoring by the financial intelligence agency. The data will be transmitted centrally, without the need to send individual requests to banks, which significantly speeds up the process of identifying suspicious transactions.
For ordinary citizens making everyday transfers, nothing formally changes—the law is aimed at increasing the transparency of payment flows. However, for those whose operations already looked questionable under the criteria of Federal Law 115-FZ, the risks increase manyfold. Now Rosfinmonitoring will be able to analyze transactions almost in real time.
Data transfer mechanics
NSPK will transmit payment information through a personal account or other channels, including the interagency electronic interaction system. At the same time, as the agency emphasizes, such transmission should not slow down the execution of the transfers themselves. The volume and composition of the information will be determined by an agreement between Rosfinmonitoring and NSPK with the participation of the Bank of Russia.
Experts see this step as a logical continuation of the course toward tightening the anti-money laundering system. Expanding data sources for financial monitoring is a trend that will only intensify.
My expert opinion: this is only the first step toward total oversight of crypto-fiat flows. In the near term, we should expect the regulator to begin more actively cross-referencing SBP data with on-chain analytics, which will threaten the anonymity of many P2P schemes. All market participants need to reconsider their strategies for working with fiat liquidity right now to minimize the risks of blocks and requests from banks.