Russia Could Open Crypto Trading on Exchanges From November 22
Russia is moving closer to allowing crypto trading through its regulated exchanges.
The Bank of Russia says exchanges may start trading cryptocurrencies from November 22, provided they agree on the rules with the regulator first.
Under the new rules, exchanges will have to:
* Register brokers and other trading participants.
* Record and monitor all transactions.
* Track market prices and report trading data.
New rules for retail crypto trading are also scheduled to take effect on November 17.
I think Russia is taking steps to bring crypto trading under a more formal financial system rather than leaving it outside traditional regulation.
#CryptoRegulationBattle #bitcoin #CryptoNews
Russia is moving closer to allowing crypto trading through its regulated exchanges.
The Bank of Russia says exchanges may start trading cryptocurrencies from November 22, provided they agree on the rules with the regulator first.
Under the new rules, exchanges will have to:
* Register brokers and other trading participants.
* Record and monitor all transactions.
* Track market prices and report trading data.
New rules for retail crypto trading are also scheduled to take effect on November 17.
I think Russia is taking steps to bring crypto trading under a more formal financial system rather than leaving it outside traditional regulation.
#CryptoRegulationBattle #bitcoin #CryptoNews
