Central Bank of Russia: Trading platforms may conduct cryptocurrency transactions effective November 22.
15 minutes ago
The Central Bank of Russia (CBR) has announced that crypto trading platforms will be permitted to conduct cryptocurrency transactions starting November 22, provided they first secure the central bank’s approval for relevant trading rules. The CBR’s regulations on trading digital currencies and digital rights have been registered with Russia’s Ministry of Justice. Additionally, the central bank clarified that trading platforms must register crypto transaction participants—including brokers, trust managers, and central counterparties—maintain order and trade records, and monitor transactions. Transaction organizers are also required to calculate price metrics such as spot prices, weighted average prices, market prices, and closing prices, and submit transaction progress and outcome data to the CBR using the same reporting format as for other existing assets.
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