- Russia will allow regulated exchanges to offer cryptocurrency trading from November 22, subject to approval of their trading rules by the central bank.
- Retail investors can trade Bitcoin, Ethereum and Tether (USDT), with an annual investment limit of 300,000 rubles for non-qualified investors.
- Moscow Exchange plans to launch cryptocurrency trading on December 1, while crypto payments within Russia will remain prohibited.
New Rules For Crypto Trading
Russia will begin allowing crypto trading on regulated exchanges from November 22. The Central Bank of Russia must approve trading rules for exchanges to offer crypto trading. On November 11, new rules were announced.
Russian Central Bank: Exchanges May Conduct Crypto Trading from November 22, Subject to Prior Approval of Trading Rules
According to TASS, the Bank of Russia said Russian exchanges may begin offering cryptocurrency trading from November 22, 2026, provided they first agree on trading rules with the regulator. The relevant directive has been registered by the Russian Ministry of Justice. Exchanges must register brokers, trustees, and central counterparties as trading participants, maintain order and transaction records, monitor trading activity, and calculate spot prices, weighted average prices, market prices, and closing prices. They are also required to submit trading data and results to the central bank in accordance with existing reporting procedures for other assets.
— Wu Blockchain (@WuBlockchain) November 11, 2026
Exchanges will be required to register brokerages, trustees and central counterparties involved in crypto trading. Exchanges are also required to keep accurate records of orders and trades. They will also be required to monitor trade activities. Platforms must have tools to calculate real-time, average and closing rates for crypto they support. They must also provide the central bank with information about trading.
Retail Access Is Restricted
This comes after the central bank announced on November 6 that unqualified investors can trade Bitcoin, Ethereum and Tether (USDT). This can be traded publicly from November 17.
Retail investors will be restricted to investing a maximum of 300,000 rubles ($3,700) per annum on each intermediary. Whereas qualified investors will have more options to invest in. Both will need to complete an investment knowledge test before being allowed to trade.
The three cryptocurrencies were chosen by the central bank based on factors like market cap, liquidity, turnover and price history. They must also have a minimum of five years price history on foreign exchanges.
Moscow Exchange To Start In December
Russia’s largest securities exchange, the Moscow Exchange, is also preparing to enter the crypto market. They plan to start trading crypto on December 1. They have begun testing trades with professional market participants.
They plan to partner with a digital depository to settle and store digital assets. Brokers will provide access to clients and they expect to operate using their existing permissions.
Russia’s overall crypto legislation was implemented on September 1. This provided rules for exchanges, intermediaries and digital depositories. However, the government have not fully opened up crypto. The Bank of Russia still prohibits domestic payments using crypto. But they do allow approved cross border settlements.
This latest development shows that Russia want to bring crypto trading into a regulated environment. This is a huge step towards providing investors with access to digital assets while being monitored by financial regulators.
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