Russian exchanges could begin offering crypto trading under the new Bank of Russia framework signed on November 6 and registered by the Ministry of Justice. They must still negotiate reporting, monitoring and pricing mechanisms with the central bank before trading can begin. Non-qualified investors will have to pass a knowledge test, buy crypto through registered intermediaries and keep annual purchases within 300,000 rubles, with Bitcoin, Ether and USDT as the only eligible assets. The Moscow Exchange plans to start a pilot on December 1, 2026, while Sberbank and VTB are also preparing to participate, following a rise in registered crypto exchange service providers from four to seventeen. Crypto remains prohibited for paying for goods and services, meaning digital assets are treated as supervised investments rather than a means of payment.
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