Russia Permits Banks to Participate in Cryptocurrency Activities
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Regulatory Developments: The Bank of Russia is proposing regulations to allow banks and financial institutions to engage with cryptocurrencies for international trade, focusing on compliance with anti-money laundering laws.
Institutional Collaboration: VTB bank is set to develop a blockchain monitoring system by 2025 in partnership with the Bank of Russia, indicating a commitment to integrating blockchain technology in response to international sanctions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
