Russia’s central bank has proposed detailed rules for cryptocurrency exchanges, digital asset depositories and market registration ahead of the country’s regulated crypto market launch in September.
Summary
- Russia’s central bank has proposed operating rules for cryptocurrency exchanges, depositories and digital currency accounts ahead of the Sept. 1 rollout.
- The draft regulations set capital requirements for digital depositories and give exchanges flexibility to establish their own trading procedures.
- The Bank of Russia will maintain official registers for licensed crypto market participants under the new legal framework.
- Retail investors will continue to face limits…
