The Central Bank of Russia has registered the National Association of Securities Market Participants (NAUFOR) as the country’s first self-regulatory body for crypto exchangers and digital depositories. The organization will help establish industry standards and support compliance with digital asset regulations. The central bank’s registries currently include 23 crypto-exchange participants and eight digital depositories, involving major financial institutions such as VTB, Sberbank, and T-Bank. Observers will monitor how this formalization affects market confidence and cryptocurrency activity in Russia, as well as the responses of major financial institutions.
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