Russian exchanges will be able to begin offering crypto trading services from 22 November 2026, provided they obtain the central bank’s agreement on their rules, according to an announcement by the Bank of Russia on 11 November, as reported by Japanese outlet CoinPost.
CoinPost also reported that the Ministry of Justice registered a central bank order describing the requirements for organized trading of digital currencies and digital rights.
What exchanges must do
According to CoinPost, the new rules require exchanges to register trading participants such as brokers, trust managers and central clearing bodies. They must also keep order and trade ledgers and monitor trading.
Exchanges must additionally report trade progress and results to the central bank and calculate price indicators, including real-time, weighted average, market and closing prices, the outlet said.
Moscow Exchange plans a 1 December launch
Moscow Exchange said on 2 November that it plans to launch crypto trading on 1 December, after a pilot phase, starting with BTC, ETH and USDT, according to CoinPost.
The law limits the cryptocurrencies that non-qualified, or retail, investors can buy to highly liquid ones. On 6 November the central bank named BTC, ETH and USDT as the permitted listings for retail investors, CoinPost reported.
Moscow Exchange said retail investors will face a trading cap of 300,000 rubles per year per operator, while qualified investors face no limits on assets or purchase amounts, according to CoinPost.
Legal background
CoinPost reported that President Vladimir Putin signed the law on digital currency and digital rights in August, and that its main provisions took effect on 1 September.
What remains unclear
Several points are not yet known. It is unclear which exchanges other than Moscow Exchange have applied for or received central bank agreement on their rules, or whether the 22 November date applies to all exchanges or only those with approved rules. The exact date of the Moscow Exchange pilot has not been given. The original central bank statement and the text of the order were not among the sources, so the details rest on CoinPost’s account.
Sources
- coinpost.jp CoinPost — ロシア、11月22日から仮想通貨取引サービスの提供が可能に Accessed
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