Russia to Authorize Crypto Exchange Licenses for Banks
Regulators in Moscow are moving to formalize cryptocurrency transactions by issuing exchange licenses to banks and brokers, effectively routing legal crypto activity through the traditional financial system. The plan aims to bring digital-asset dealings under existing banking oversight, with strict KYC/AML and licensing requirements that narrow how Russians can access and trade crypto.
While the step could expand institutional participation and improve regulatory clarity at home, analysts say the combination of tight rules and Western sanctions will limit cross-border linkages and foreign counterparties. That means domestic adoption may rise within a controlled ecosystem, but Russia is likely to remain largely detached from global crypto liquidity and services — a significant constraint for traders, custodians, and projects seeking international access.