Russia to Launch State-Backed Crypto On-Ramp Under Strict Control

Russia is set to unveil a legal crypto on-ramp, with a state-owned bank positioned to hold the keys to the ecosystem. This strategic move aims to formalize digital asset transactions, but it comes with a heavy emphasis on centralized custody and strict regulatory oversight.
Scheduled for a December launch, the new framework suggests that legal access to the crypto market will require navigating significant compliance hurdles and transaction limits. This shift marks a pivotal moment for the Russian crypto landscape, prioritizing state-monitored stability over decentralized autonomy.
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