Russia has registered nine crypto operators under new rules.

Russia has taken a major step toward a regulated crypto market. The Bank of Russia has registered the country’s first digital asset operators under rules that came into force on September 1st.

The regulator added five firms to its digital depository register and four to its crypto exchange register. Sberbank is among the newly approved custodians. VTB Bank was listed in both categories.

Crypto Rules Take Shape in Russia

The move follows a law signed by President Vladimir Putin in August. It created a formal framework for crypto exchanges, custodians, brokers, and investors, with the Bank of Russia overseeing…