BlockBeats News, October 10th. According to Cryptopolitan, Vladimir Chistyukhin, the First Deputy Governor of the Central Bank of Russia (CBR), revealed at the Finopolis Forum that the Russian Central Bank has decided to allow banks to engage in cryptocurrency business, but will introduce strict capital limits and reserve requirements. Chistyukhin admitted: “We are taking a conservative approach. We are considering whether, for example, including cryptocurrency on the balance sheet truly falls within the scope of banking.” However, he also admitted: “After discussions with the professional banking community, we believe that it may make sense for banks to participate in such business.”
