The Bank of Russia has issued an ordinance allowing exchanges to begin organised trading in cryptocurrencies from 22 November 2026, provided the central bank approves their trading rules beforehand. Russia’s Ministry of Justice has registered the ordinance, which sets out requirements for organised trading in digital currencies and digital rights. The rules apply to trading on organised venues, such as exchanges, rather than to over-the-counter transactions.

Requirements for exchanges

Under the Bank of Russia ordinance, exchanges must register cryptocurrency trading participants such as brokers, trust managers, and central counterparties. They must also keep registers of orders and transactions, monitor trading, and calculate price…