News Explorer — Bank of Russia to Allow Banks Some Crypto Activities Under Strict Regulations

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Oct 10, 12:54 pm

Blockworks

Bank of Russia to Allow Banks Some Crypto Activities Under Strict Regulations

The Bank of Russia will permit domestic banks to conduct limited cryptocurrency activities under strict regulations, with a proposed cap of 1% of a bank's capital for crypto exposure. This move aligns with the country's evolving stance on digital assets amid calls for a comprehensive crypto bill by 2026.

The Bank of Russia will permit domestic banks to conduct limited cryptocurrency activities under strict regulations, with a proposed cap of 1% of a bank's capital for crypto exposure. This move aligns with the country's evolving stance on digital assets amid calls for a comprehensive crypto bill by 2026.

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