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Russia approves first crypto exchanges and custodians under new rules

Russia approves first crypto exchanges and custodians under new rules

Russia has registered its first four cryptocurrency exchange operators and five digital custodians under the regulated crypto market that opened on Sept. 1.

Summary

  • Russia has registered its first four cryptocurrency exchange operators and five digital custodians under regulations that took effect on Sept. 1.
  • Sberbank was registered as a digital custodian, while VTB appeared on both the crypto exchange operator and custodian lists.
  • Registered exchanges can buy and sell digital currencies using their own funds, while custodians can record assets, transfers and customer access to crypto addresses.
  • Sberbank plans to launch crypto trading and custody services on Dec. 1,…

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