Central Bank of Russia says crypto market may operate legally by end of 2026

Central Bank of Russia: The Central Bank of Russia, also known as the Bank of Russia, is the country's primary monetary authority responsible for setting monetary policy, ensuring financial stability, and regulating the banking and financial sectors. It plays a central role in shaping Russia's approach to emerging financial technologies and asset classes. In the context of the news, the bank has stated that the legal framework for operating a regulated cryptocurrency market in Russia could be fully functional by the end of 2026, building on recently enacted legislation. Regulation: The Bank of Russia is advancing licensing and oversight mechanisms for crypto exchanges, custodians, and related infrastructure following the recent activation of a comprehensive digital assets law. Banking Standards: The central bank has proposed new prudential rules to manage banks' involvement with cryptocurrencies as the regulated market framework takes shape.