Bank of Russia Creates New Rules For Crypto Trading

Bitcoin Magazine

Bank of Russia Creates New Rules For Crypto Trading 

Russia’s central bank on Monday published draft regulations for the trading of digital currencies.

The Bank of Russia released the changes to its “organized trading” rules, including the term “digital currency” throughout.

The new rules are for organizations like crypto exchanges, which now have to report digital assets into their existing systems for pricing, monitoring and reporting — using the same processes they already run for regular currencies and securities.

Russia’s central bank is implementing the new rules as the State Duma prepares comprehensive regulation of crypto.

Pro-Bitcoin Russia? 

While the new rules don’t specifically mention Bitcoin, Russia has a complex relationship with the leading cryptocurrency.

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