Moscow Exchange plans to launch cryptocurrency trading by December 1 in rubles and quasi-dollars.
Regulation & Gov ·
The Moscow Exchange (MOEX) plans to achieve technological readiness for cryptocurrency trading by December 1, with pairs denominated in both quasi-dollars and rubles depending on the specific instrument, according to Sergey Shvetsov. The timeline positions MOEX to enter digital asset trading as Russia's primary bourse, though the announcement does not specify which cryptocurrencies will be available at launch or the exact mechanics distinguishing quasi-dollar from ruble pairs.
The readiness target comes amid Russia's evolving regulatory stance on crypto assets. Implementation will require coordinating exchange infrastructure with clearing and settlement systems, and the quasi-dollar denomination suggests an effort to navigate international sanctions constraints on traditional dollar trading. The announcement leaves unresolved whether regulatory approvals from the Central Bank of Russia or other authorities remain pending, and whether the December date is firm or subject to further regulatory review.