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Russian Central Bank Advocates Legalization of Crypto Exchanges to Combat Money Laundering

Russian Central Bank Advocates Legalization of Crypto Exchanges to Combat Money Laundering

Author:

Global Cryptocurrency

Published:

2025-10-28 20:13:01

18

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BTCCSquare news:

The Central Bank of Russia is pushing for the legalization of cryptocurrency exchanges, arguing that regulated platforms for swapping rubles into digital assets will curb illicit financial flows. First Deputy Chairman Vladimir Chistyukhin emphasized the urgency of establishing clear rules for crypto service providers during a parliamentary committee meeting.

Legalizing exchanges WOULD not only address money laundering and terrorism financing risks but also facilitate cryptocurrency payments in cross-border trade. The move reflects Moscow's growing recognition of crypto's role in foreign settlements, despite its historically cautious stance.

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