🇷🇺 Russia clears exchanges to start crypto trading from Nov. 22
The Bank of Russia says exchanges may launch organized cryptocurrency trading from Nov. 22, but only after the regulator approves their trading rules. The new ordinance requires exchanges to register brokers, trust managers and central counterparties, keep registers of orders and trades, and calculate current, weighted-average, market and closing prices.
It lands just before Moscow Exchange's planned Dec. 1 crypto launch. From Nov. 17, non-qualified investors can buy bitcoin, ether and USDT, capped at 300,000 rubles a year through a single intermediary, after passing a knowledge test.
⭐ Russia is moving crypto into its regulated exchange system, which could open a new domestic channel of demand for BTC, ETH and USDT.
#Russia #Bitcoin #Ethereum #USDT #Regulation
The Bank of Russia says exchanges may launch organized cryptocurrency trading from Nov. 22, but only after the regulator approves their trading rules. The new ordinance requires exchanges to register brokers, trust managers and central counterparties, keep registers of orders and trades, and calculate current, weighted-average, market and closing prices.
It lands just before Moscow Exchange's planned Dec. 1 crypto launch. From Nov. 17, non-qualified investors can buy bitcoin, ether and USDT, capped at 300,000 rubles a year through a single intermediary, after passing a knowledge test.
⭐ Russia is moving crypto into its regulated exchange system, which could open a new domestic channel of demand for BTC, ETH and USDT.
#Russia #Bitcoin #Ethereum #USDT #Regulation
