Russia Tightens Crypto Regulations as Digital Assets Take Center Stage

With millions of Russians actively engaging in cryptocurrency, Russia is taking a decisive step by regulating the digital asset market while preparing banks to enter the fray. The Bank of Russia has paved the way for banks to engage with cryptocurrencies under strict capital and reserve requirements. While this signals greater integration of crypto into the financial system, regulatory measures are ensuring responsible growth. Authorities plan investor qualification rules and surveys in preparation for new regulations that aim to balance oversight with market activity.