Bank of Russia to Permit Limited Bitcoin and Crypto Operations for Domestic Banks

Bitcoin Magazine

Bank of Russia to Permit Limited Bitcoin and Crypto Operations for Domestic Banks

The Bank of Russia will reportedly allow domestic banks to conduct limited crypto operations under tight regulatory oversight — a cautious but notable step toward integrating bitcoin and other digital assets into the country’s financial system.

First Deputy Chairman Vladimir Chistyukhin announced the decision during the Finopolis fintech forum this week. He emphasized that while the central bank remains conservative on decentralized assets like bitcoin, it recognizes the growing role of crypto in the modern economy.

“We hold conservative views and think about how appropriate it is for the banking sector to include cryptocurrency in its assets,” Chistyukhin reportedly said. “After discussi