Russia’s Central Bank to Ease Restrictions on Banks Working With Bitcoin

HKAN | Oct 11

Russia’s Central Bank to Ease Restrictions on Banks Working With Bitcoin — Report

According to recent reports, the Central Bank of Russia (CBR) is preparing to ease restrictions on banks and financial institutions engaging in Bitcoin and cryptocurrency-related activities.

The proposed regulatory shift aims to allow licensed banks to offer limited crypto services, including custody, trading, and settlement, under strict compliance and anti–money laundering (AML) guidelines.

Insiders suggest that this move reflects Russia’s growing recognition of digital assets as a strategic financial tool, especially amid evolving global payment systems and ongoing economic sanctions.

If implemented, the new framework would mark a significant policy reversal by the Central Bank, which has historically maintained a cautious stance toward cryptocurrency adoption.

Analysts believe the initiative could help boost domestic blockchain innovation, attract foreign investment, and strengthen Russia’s position in the rapidly expanding global crypto economy.