The Central Bank of Russia plans to simplify the licensing process for bank cryptocurrency exchanges

CycleProphet · 2026-03-06T09:56:13+00:00

Russian Central Bank Governor Nabiullina stated that banks and brokerage firms will be allowed to obtain cryptocurrency exchange licenses through simplified procedures. The regulatory framework will take effect in 2026, with digital currencies and stablecoins classified as tradable assets, but domestic payments are prohibited.

CycleProphet

2026-03-06 09:56:13

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Deep Tide TechFlow News, March 6, reports that the Governor of the Central Bank of Russia, Nabiullina, stated that banks and brokerage firms will be allowed to obtain cryptocurrency exchange operating licenses directly through a “notification process” based on existing banking licenses, without the need to reapply for a new license. The regulatory framework will classify digital currencies and stablecoins as tradable assets but prohibit their use for domestic payments. Initially, banks’ participation in crypto assets will be capped at 1% of their capital. The relevant bill is expected to be submitted to the State Duma by March 2026, and the regulatory framework will officially take effect on July 1, 2026.

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