According to reports from Russian media, the Central Bank of Russia has determined to allow certain commercial banks to conduct crypto asset-related businesses under a strict regulatory framework. The First Deputy Chairman of the Central Bank, Vladimir Chistyukhin, stated that relevant institutions must meet requirements for capital size and reserves, and bear compliance responsibilities to prevent money laundering and terrorist financing. Banks, brokerages, and exchanges will become the focus of regulation and must refuse transaction requests from clients who do not qualify for investment. The Central Bank also emphasized that all participants in digital asset transactions must achieve complete transparency regarding the source of funds and identification.

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