Russia's central bank to allow limited crypto activity by banks

Russia's central bank announces groundbreaking cryptocurrency policy shift, allowing banks to engage in limited digital asset activities under strict regulatory oversight. The Bank of Russia's new framework permits financial institutions to handle Bitcoin and other cryptocurrencies while implementing tight reserve caps to minimize systemic risk.

This regulatory development signals Russia's evolving stance toward blockchain technology and digital assets, potentially impacting global cryptocurrency markets. Banks will operate within predetermined limits as Russian lawmakers advance comprehensive digital asset legislation to establish clearer crypto frameworks.

The policy change could boost institutional cryptocurrency adoption in Russia, following global trends where traditional banks increasingly integrate Bitcoin and blockchain services. This measured approach balances innovation with financial stability concerns, positioning Russia among nations developing structured crypto regulations.

Market analysts suggest this development may influence cryptocurrency prices and institutional investment flows, particularly for Bitcoin and major altcoins. The move reflects growing recognition of digital assets' legitimacy while maintaining conservative risk management protocols.

Russia's strategic cryptocurrency policy represents a significant shift from previous restrictive approaches, potentially creating new opportunities for DeFi integration and blockchain innovation within traditional banking infrastructure.