TechFlow News, March 6: According to The Block, Elvira Nabiullina, Governor of the Central Bank of Russia, stated that banks and brokerage firms would be permitted to obtain cryptocurrency exchange operating licenses directly under an “notification process” based on their existing banking licenses—without needing to apply for entirely new licenses. Under the proposed regulatory framework, digital currencies and stablecoins would be classified as tradable assets, but their use for domestic payments would be prohibited. Initially, banks’ participation in crypto-asset activities would be capped at 1% of their capital. The relevant bill is expected to be submitted to the State Duma in March 2026, and the regulatory framework is scheduled to take effect on July 1, 2026.
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