Russia is creating a ‘closed crypto circuit’ dominated by sanctioned banks

Russia is preparing to legalize cryptocurrency transactions, but its own restrictions, on top of Western sanctions, are expected to largely cut it off from the global crypto market. Regulators in Moscow now want to channel most coin operations through traditional financial players such as banks and brokers, effectively limiting legal access to digital assets. Russian […] source: https://www.cryptopolitan.com/russia-is-creating-a-closed-crypto-circuit-dominated-by-sanctioned-banks/