Russia Launches First Registered Crypto Exchanges and Custodians
- Russia has registered its first cryptocurrency exchange operators and custodians under new regulations effective from September 1.
- The Bank of Russia published its first registers, listing four exchange operators and five custodians, including Sberbank.
- Sberbank plans to launch crypto products on December 1, initially supporting Bitcoin (BTC), Ether (ETH), and USDt (USDT).
- VTB Bank appears on both the custodian and exchange operator lists.
- The new law signed by President Vladimir Putin creates a regulated framework for crypto operations while maintaining a ban on using crypto for payments.
The registration of these entities marks a significant step in establishing a regulated cryptocurrency market in Russia, overseen by the Bank of Russia. This development follows the introduction of legislation aimed at creating a structured environment for digital assets.
With Sberbank’s upcoming launch of crypto products supporting major cryptocurrencies like Bitcoin and Ether, the Russian market is poised for notable changes in digital finance.(Source)
