Of course it will.

I have to wonder if it’s at all coincidental that this comes at the same time as the Crypto Reserve announcement. A few years back, Putin legalized money laundering in Russia with the introduction of an electronic ruble, and a 25% tax on e-ruble conversions to regular rubles when provenance of the e-ruble’s source is not provided. An easy way to hide illegal transactions, and a nice cut for the state so Putin can take it for himself.

One less bit of mandatory office training I need to do I guess…

“it is a burden on low-risk entities”

Translation: People in the government are involved in money laundering.

So no more reporting cash withdrawala over 10k? Or is it more extensive?