The Russian Central Bank has announced that select commercial banks will be allowed to engage in cryptocurrency-related activities under a stringent regulatory framework. Vladimir Chistyukhin, the First Deputy Chairman of the Central Bank, stated that these institutions must meet specific capital and reserve requirements and adhere to compliance responsibilities to prevent money laundering and terrorist financing. Banks, brokers, and exchanges will be the primary focus of regulatory oversight, with a mandate to reject transactions from clients lacking investment qualifications. The Central Bank also emphasized the necessity for complete transparency regarding the source of funds and the identity of all participants in digital asset transactions.