Russia Sets November 22 Start for Exchange Crypto Trading, Subject to Approval
Russia’s Bank of Russia says exchanges may begin trading cryptocurrencies and digital rights from November 22 if the regulator approves their trading rules. Venues must register participants, keep transaction records, monitor trading, calculate specified prices and report activity. The date marks a conditional regulatory opening, not confirmation that any exchange is ready to launch. A separate ordinance effective November 17 governs eligible assets and investor access: non-qualified investors face a 300,000-ruble annual limit through one intermediary, while qualified investors are exempt from that restriction. Both investor groups must pass a test and review risks. The rules do not establish expected demand or trading volumes; venue-specific launch announcements and actual activity will show how implementation proceeds.
