Bank of Russia Unveils Draft Rules for Regulated Crypto Trading

The Bank of Russia has published draft rules for organized crypto trading, setting proposed standards for exchanges, digital depositories, custody records, and settlement infrastructure.

The central bank said the draft regulations would create conditions for organized trading in digital currencies and digital rights. The rules would bring crypto assets into a regulated trading framework as Russia prepares a wider legal structure for the sector.

The proposed framework includes procedures for suspending trading in digital assets when required, and requires trading platforms to disclose trading information and provide market data to the Bank of Russia.