Russian banks: ask to abolish the anonymous data of cryptocurrencies

Russian banks: ask to abolish the anonymous data of cryptocurrencies - Russian banks e1568385047960

Russian banks they are lining up to succeed in abolishing the anonymity that characterizes cryptocurrencies and the related transactions. According to the statements of Anatoly Kozlachkov the Vice President of the Banks Association of Russia, is considering the use of special software to be able to identify who the owners of certain digital assets. 

Although he did not specify how this software could succeed a identify the owners of cryptocurrencies, in the opinion of Kozlachkov, this measure is necessary to be able to establish the cryptocurrency properties of the debtors.

For example, you are looking for a person who owes you a very large sum of money, maybe he has no money in the bank but obscures his activities and owns bitcoins. Unfortunately, even if the debtor has bitcoins, you can't prove it and you can't reach them because they are anonymous and there are no legal procedures to identify them. the owner of digital assets. 

In this regard Kozlachkov stressed that there is no legal instrument to date that allows intervention in borderline cases, and for this reason that Russian banks belonging to this association propose to create a two-step identification mechanism. 

The creation of software to identify the owners of digital assets

The first phase provides for the creation of special software that can investigate within the blockchain publish to be able to look for the identities of those who own cryptocurrencies, so then you can know how many tokens it has in all. 

The second phase instead it provides that this information can be used in a courtroom in the event of litigation, in this way the judges would be able to force any defaulting or debtor subjects to deliver wallet and keys to pay the debt or to face a criminal proceeding. 

Kozlachkov states that there are already software police forces that are able to perform a similar operation, but his goal and that of the association is the public disclosure of the records to open them to consultation of anyone who wishes.

The owners of certain assets can be identified 

Kozlachkov's proposal seems a bit naive, because it can be observed that in reality many of the transactions that take place on public blockchain can actually already identify who the authors are, because the Exchange of criptovalute always verify the identity of their users. The real anonymity is therefore limited, and law enforcement and government forces are able to access already to the exchange data. 

Kozlachkov's proposal violates the rules concerning privacy, so it will be very difficult for it to materialize. Finally, it should not be forgotten that the owners of cryptocurrencies and tokens who use decentralized exchanges, or who do not employ them for sure, have the possibility to obtain a high level of privacy.