Russia Cracks Down on Crypto Market with New Trading Framework

Russia's financial regulator has proposed a framework for organized digital-asset trading, introducing formal rules for exchanges and depositories nationwide.

The Bank of Russia unveiled its first organized trading framework for digital assets and rights, aiming to regulate the sector and prevent market manipulation.

In related news, Russian lawmakers have passed a landmark law regulating the crypto market, sending it to President Putin for signature. The bill introduces stricter oversight on digital asset transactions and requires exchanges to register with regulators.