Russia’s Central Bank (CBR) is set to allow banks to engage in cryptocurrency activities, though these will be tightly regulated. Vladimir Chistyukhin, First Deputy Governor of the CBR, revealed this during the Finopolis Forum. Despite doubts about integrating cryptocurrencies into balance sheets as traditional banking operations, discussions with financial institutions have confirmed that bank participation in such activities could prove beneficial. 🇨🇷 Chistyukhin further stated the CBR’s intention to pass comprehensive legislation regulating cryptocurrency investments by next year. This legislation will establish a licensing mechanism for service providers and could see the first licenses issued by year’s end.