Russia's Central Bank establishes regulatory framework requiring crypto exchanges, digital depositaries, and digital rights operators to register in official registers.
Regulation & Gov ·
Russia's Central Bank has established regulations governing market entry for digital depositaries, crypto exchanges, and operators of information systems that issue digital rights, requiring all such entities to register in official registers. The framework sets qualification standards for management and certain officials at these organizations, specifies the documentation required for approval, and outlines the Bank's decision-making process for registry inclusion. The regulations also provide streamlined entry procedures for existing market participants seeking to obtain digital depositary or crypto exchange status.
The Central Bank will maintain these registries, update entries, and publish registry information on its official website. The regulatory acts were registered by Russia's Ministry of Justice and take effect on October 5, 2026.
The framework's implementation across the sector and any subsequent amendments or guidance remain to be seen as the October deadline approaches.