Russian exchanges may begin trading cryptocurrencies and digital assets from November 22, subject to the Bank of Russia’s approval of their trading arrangements. They must register participants, maintain order and transaction records, monitor trading, calculate specified prices and report market information to the regulator. A separate ordinance taking effect on November 17 allows non-qualified investors to buy Bitcoin, Ether and USDT through a single intermediary, subject to an annual ceiling of 300,000 rubles. Regulatory permission does not guarantee that every platform will launch simultaneously or make its services immediately available, which will depend on venue-specific announcements and observable trading activity.
Source: Read the original article
