In a landmark decision, the Central Bank of Russia has unveiled a new policy that permits banks to conduct limited cryptocurrency operations, with a primary focus on Bitcoin. This announcement was made by Vladimir Chistyukhin, the First Deputy Chairman of the Bank of Russia, during the Finopolis 2025 forum, and the source reports that this move is expected to significantly impact the country's financial landscape.
New Regulations for Banks Engaging in Cryptocurrency
Under the new regulations, banks will be allowed to engage in cryptocurrency activities, but their exposure will be capped at 1% of their capital. This measure is designed to maintain systemic stability while responding to the increasing demand for crypto services among consumers and businesses alike.
Central Bank's Cautious Approach
The cautious approach taken by the Central Bank aims to foster a controlled environment for the burgeoning crypto market in Russia. By implementing these regulations, the Bank of Russia seeks to reshape the country's financial landscape, potentially positioning it as a more significant player in the global cryptocurrency finance arena.
Amina Bank has recently introduced staking services for POL, the native token of the Polygon network, marking a significant development in the financial sector. This initiative contrasts with the Central Bank of Russia's new regulations on cryptocurrency operations. For more details, see read more.
