Bank of Russia Unveils First Framework for Organized Digital-Asset Trading

TL;DR

• The Bank of Russia proposed its first organized trading framework for digital assets and rights, adding formal rules for exchanges and digital depositories nationwide.
• Exchanges would set procedures in their rulebooks and calculate market and weighted average prices, while depositories would face capital and recordkeeping requirements.
• The draft follows legislation allowing regulated retail crypto trading while preserving the domestic payments ban, with the broader law expected to begin in September.

The Bank of Russia has published draft regulations creating the country’s first framework for what it calls organized trading in digital assets and digital rights. The proposals introduce formal requirements for crypto exchanges and digital depositories, moving the market toward a more defined institutional structure. Russia is attempting to place crypto trading inside rules resembling established financial markets. The shift is notable because regulated retail access is advancing even as cryptocurrencies remain prohibited for domestic payments, leaving the country to separate investment activity from everyday monetary use with unusual precision across its evolving financial system.

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