The Central Bank of Russia proposes allowing banks and brokerage firms to obtain cryptocurrency trading licenses

Gate News: On March 6, Russia plans to fully incorporate cryptocurrency trading into regulated legal infrastructure through legislation. Central Bank Governor Elvira Nabiullina proposed at the annual credit institution conference that qualifying commercial banks and brokerage firms be allowed to obtain cryptocurrency trading licenses through registration procedures, enabling them to lead digital asset operations and establish a domestically compliant trading system highly isolated from global mainstream markets. According to the proposal, banks and brokerages will monitor fund flows using their existing anti-money laundering (AML) systems, while limiting banks’ digital asset risk exposure to no more than 1% of capital. Based on a draft from the State Duma Financial Market Committee, the new regulations are expected to be ready by July 1, 2026, aiming to change the current opaque legal status of digital assets and guide decentralized P2P trading to regulated domestic platforms. Analysts note that, as EU and US sanctions against Russia deepen, this move is intended to create a self-sufficient, compliant internal cycle.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

French Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty

French Finance Minister Roland Lescure has called on European banks to aggressively develop euro-based stablecoins and tokenized deposits to challenge the overwhelming dominance of the U.S. dollar in digital payments. Key Takeaways: Roland Lescure urged EU banks to launch euro stablecoins

Coinpedia44m ago

Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations

Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.

GateNews1h ago

U.S. Military Plans to Board and Seize Iranian-Linked Vessels in International Waters

U.S. military officials announced plans to board and seize Iranian-linked vessels in international waters, marking an escalation in operations targeting Iran's maritime assets beyond the Middle East.

GateNews1h ago

Iran Reports 3,468 Deaths in U.S.-Israel Conflict, Official Register Updated

Iran's Martyrs and Veterans Affairs Foundation has reported 3,468 Iranian personnel casualties in the U.S.-Israel conflict, according to Chairman Mousavi and state media.

GateNews1h ago

Ukraine's Prosecutor General Classifies Kyiv Shooting as Terrorist Attack

Ukrainian Prosecutor General Irina Kravchenko announced that a shooting in Kyiv has been classified as a terrorist attack, prompting criminal proceedings under national law. The investigation is ongoing.

GateNews1h ago

Iran Deputy Foreign Minister Says Date for Next Round of US Talks Remains Undetermined

Iran's Deputy Foreign Minister criticized the U.S. for sending unclear messages regarding negotiations, indicating no specific date for upcoming talks has been set. He emphasized that it's up to Americans to assess the legality of these statements.

GateNews12h ago
Comment
0/400
No comments