Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance
Summary
From October 5, crypto exchanges and digital depositories in Russia can apply to enter Bank of Russia registers under rules implementing the country’s new crypto law. Admission requires a separate regulator decision: decisions are due within 30 working days for exchanges and 60 for depositories after complete applications are submitted. Some eligible banks, brokers and experimental-regime participants can use a faster notification route, available before September 1, 2027. The rules establish an application process, not approval or an immediate start to customer trading. Retail-investor limits and testing are set out in the broader law, while the assets available to non-qualified investors remain subject to separate draft rules.
