The Central Bank of Russia has proposed allowing banks and brokerage firms to obtain cryptocurrency trading licenses.

CoinFeed reported on March 6th that, according to Cryptopolitan, Russia is planning to legislate to fully integrate cryptocurrency trading into a regulated "legal infrastructure." This would involve authorizing commercial banks and brokers to lead digital asset operations, establishing a domestically compliant trading system highly isolated from mainstream global markets. At the annual meeting of credit institutions, Elvira Nabiullina, Governor of the Central Bank of Russia, proposed allowing qualified commercial banks and brokerage firms to obtain cryptocurrency trading licenses through a registration process, utilizing its existing anti-money laundering (AML) system to monitor fund flows, and limiting banks' exposure to such assets to no more than 1% of their capital.