Bank of Russia Drafts First Rules for Organized Crypto Trading

TLDR

• Bank of Russia published draft rules for organised crypto trading.
• Crypto exchanges would set trading procedures through internal rulebooks.
• Digital depositories would keep records of crypto and digital rights.
• Minimum capital rules range from 50M to 250M rubles.
• Russia’s crypto bill keeps the domestic payment ban in place.

The Bank of Russia has published draft rules for organized crypto trading, setting proposed standards for exchanges, digital depositories, custody records, and settlement infrastructure.

Bank of Russia Sets Crypto Trading Framework

The central bank said the draft regulations would create conditions for organized trading in digital currencies and digital rights. The rules would bring crypto assets into a regulated trading framework as Russia prepares a wider legal structure for the sector.

Under the proposals, crypto exchanges would set their trading procedures through internal rulebooks. They would also calculate market prices and weighted average prices for digital assets and digital rights traded on their platforms.

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