Russia to Allow Banks to Conduct Cryptocurrency Business, But with Strict Restrictions
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最新报道：According to Cryptopolitan, on October 10th, Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia (CBR), revealed at the Finopolis forum that the central bank has decided to allow banks to conduct cryptocurrency business, but will introduce strict capital limits and reserve requirements. Chistyukhin admitted, "We are taking a conservative approach. We are considering, for example, whether including cryptocurrencies on balance sheets truly falls within the scope of banking activities." However, he also stated, "After discussions with the professional banking community, we believe that it may make sense not to rule out banks from engaging in such business." Chistyukhin also stated that the Bank of Russia hopes to pass a law comprehensively regulating cryptocurrency investments next year. This will enable authorities to implement a licensing mechanism, and he believes that the first licensed service providers could enter the market by the end of the year. Chistyukhin's call for the swift approval of appropriate cryptocurrency legislation has been supported by his superior, Bank of Russia Governor Elvira Nabiullina.
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