{
  "id": 18562182,
  "title": "How Russia’s central bank plans to give the FSB access to crypto exchange customers’ personal data",
  "url": "https://urgent.news/2026/11/06/how-russias-central-bank-plans-to-give-the-fsb-access-to-crypto",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T20:03:45.000Z",
  "source": {
    "name": "Meduza (English)",
    "slug": "meduza-english",
    "url": "https://meduza.io/en/cards/how-russia-s-central-bank-plans-to-give-the-fsb-access-to-crypto-exchange-customers-personal-data"
  },
  "original_language": "en",
  "account": "Russia's Central Bank has proposed a new directive to grant the Federal Security Service (FSB) access to personal data of cryptocurrency exchange customers. The directive would require various entities, such as postal service operators, telephone service providers, and internet service providers, to install a system called SORM. SORM is a technical tool used for law enforcement surveillance and investigations, allowing the FSB to access user data from a company's databases. The data that will be shared with the FSB includes personal details about transaction parties, account information on cryptocurrency exchanges, cryptocurrency wallet addresses, transaction values, and usage details on exchange websites and apps. While the Central Bank did not explicitly mention private keys, it declined to add a provision prohibiting the FSB from accessing them. If the FSB gains access to private keys, it could carry out transactions on behalf of the cryptocurrency exchange. Cryptocurrency exchanges will need to store this data for at least five years and transmit it to the FSB upon receiving a request, either for archived data or real-time monitoring. Users can still make transactions without SORM by using noncustodial wallets and engaging in direct peer-to-peer transactions, although these activities may be prohibited by law starting from July 1, 2027.",
  "summary": "Russia’s Federal Security Service (FSB) will gain a new tool to monitor Russian users of cryptocurrency services under a draft directive from Russia’s Central Bank. Documents the regulator published in late October clarify how the directive would work.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Russia finalizes crypto trading rules ahead of Nov. 17 rollout",
        "url": "https://urgent.news/2026/11/06/russia-finalizes-crypto-trading-rules-ahead-of-nov-17-rollout",
        "published": "2026-11-06T18:47:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}