Russia Starts Licensing Crypto Exchanges And Custodians Under New Register
Summary
Russia’s Bank of Russia has put its framework for registering crypto exchanges and digital depositories into operation. VTB, Sberbank and specialist firms are among those admitted to the new registers. The framework creates regulated channels for trading and custody, while the ban on using cryptocurrency to pay for ordinary domestic goods and services remains. VTB expects to offer crypto trading through its investment business. The system brings digital-asset activity under state supervision rather than broadly legalizing crypto use.
