Bitcoin Magazine
Russia Considers Simplified Licensing Path for Bank-Run Crypto Exchanges
Russia’s central bank is weighing a plan that would allow banks and brokerage firms to operate cryptocurrency exchanges through a simplified licensing pathway tied to their existing financial permits, according to remarks from Governor Elvira Nabiullina.
Under the proposal, financial institutions could obtain authorization to run crypto trading platforms through a “notification process,” rather than applying for a new standalone license.
The approach would allow firms that already hold banking or brokerage licenses to expand into digital asset services using their current regulatory status.
Back in January, Anatoly Aksakov, head of the State Duma Committee on the Financial Market, made comments that Russia was preparing to introduce its first comprehensive regulatory framework for cryptocurrencies like Bitcoin, with lawmakers aiming to finalize the draft for a parliamentary
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