Russia’s central bank sets market-entry rules for crypto custody and trading platforms

  • Russia’s central bank established entry procedures for crypto custody and trading market participants.
  • Affected institutions must register in their respective registries before operating under the rules.
  • The rules take effect on Oct. 5 after registration with the Russian government.

Russia’s central bank has established market-entry procedures for digital custody institutions, cryptocurrency trading platforms and operators of digital rights information systems. The affected firms must register in their respective registries under rules that have been registered with the Russian government and take effect on Oct. 5. The measures add an infrastructure-focused regulatory step alongside the central bank’s earlier revisions to mutual fund rules, which allowed professional-investor funds to use settlement indices tied to digital-currency quotes and permitted limited retail-fund exposure to specified tokenized, foreign and crypto-linked assets.

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