Russia Central Bank Unveils First Crypto Trading Rules
If enacted, the framework opens a legal channel for retail crypto trading under Bank of Russia supervision and could pull volumes out of the offshore venues that currently dominate.
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If enacted, the framework opens a legal channel for retail crypto trading under Bank of Russia supervision and could pull volumes out of the offshore venues that currently dominate.
Systemically important banks and large retailers are wired up; the BoR is now also exploring stablecoins as a complement to the digital ruble for cross-border settlement.
The announcement marks the transition from a limited pilot with a handful of banks to a broader consumer rollout, though legal work and bank integration still need to clear before mass adoption.