Russia Sets Ground Rules for Launch of Its First Regulated Crypto Market
- Russia outlines rules for exchanges, custody and crypto settlements under oversight.
- Sberbank plans Bitcoin wallets and custody services ahead of market launch.
- Draft framework boosts transparency as Russia prepares regulated crypto trading.
Russia’s central bank has published draft rules for the country’s first regulated cryptocurrency market, outlining how exchanges, digital asset custodians and settlement providers would operate under official oversight.
The proposals, released by the Bank of Russia, come shortly after the State Duma advanced legislation that could allow organized crypto trading as early as September while keeping the country’s ban on using cryptocurrencies for domestic payments.
Under the draft framework, exchanges would set their own trading rules and publish market and benchmark prices for the digital assets listed on their platforms.Th…
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