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Russian Central Bank Proposes Allowing Banks and Brokers to Obtain Crypto Licenses
The Bank of Russia has proposed allowing banks and brokerage firms to obtain licenses to operate crypto exchanges, a move that would place traditional financial institutions at the center of the country’s future regulated digital asset market. The proposal was outlined by Central Bank Governor Elvira Nabiullina at an annual meeting with credit organisations. According to the regulator, existing financial institutions already have compliance infrastructure that could be used to supervise crypto transactions. “We hope that the vast experience of banks in AML/CFT and fraud prevention will help protect your clients ... (full story)
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