Russia Unveils First Digital Asset Trading Framework

The Bank of Russia has unveiled its first framework for organized digital-asset trading. This development follows recent efforts by Russian lawmakers to regulate the crypto market, including a landmark law that recently passed in the State Duma.

According to reports, the new regulatory framework will oversee and standardize digital asset trading within the country. The move aims to bring transparency and stability to the market, which has been criticized for its lack of oversight.

The framework is still in its early stages, but it marks a significant step towards regulating the Russian crypto market. This comes as Sberbank plans to launch a crypto wallet and digital deposit before December, subject to new legislation.