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Crypto
Russia moves to include crypto holdings in bank certificates as it tightens oversight
Russia is moving to require banks to include customers\' cryptocurrency holdings in official balance certificates, under proposals by the central bank. The planned change would add crypto and legally defined “digital financial assets” to documents used to submit balances to other institutions and to support income and asset declarations by civil servants and public-sector workers. The steps follow a law effective Sept. 1 that legalised trading and exchange while banning domestic use for payments.
Crypto
Russia crypto users near 20 million, holdings above $44 billion
Russia has nearly 20 million cryptocurrency users and their digital asset holdings exceed $44 billion, an estimate showed. The finance ministry expects the market to expand after the start of incorporation into the formal system and forecasts 10 million new users could be added in 2027 alone. Officials outlined new rules legalising crypto transactions, licensing exchanges and requiring use of approved service providers and depositories, while warning limits remain on monitoring users and assets.
Industry
MSIT to restructure affiliated public agencies, merge K-DATA into NIA
South Korea\'s Ministry of Science and ICT will restructure functions at its affiliated public agencies, including integrating the Korea Data Agency (K-DATA) as an affiliated body under the National Information Society Agency (NIA). It will also integrate the National Research Foundation of Korea with the Korea Technology Commercialization Promotion Agency to strengthen links from basic R&D to commercialisation. The ministry plans to create a new foundation to integrate four regional national science museums and will pursue related legal revisions.
