T-Technologies Files With Bank of Russia for Crypto Depository and Exchange Licenses
- —Applications were filed on Oct. 5, the day new crypto market access rules took effect
- —Atomize targets the digital depository registry, T-Invest Lab the crypto exchange registry
- —Existing banks and brokers get a simplified procedure and can receive status within one day
- —The service will be tested with a limited group of employees; launch timing is undisclosed
Why it matters: The first major bank to apply under the new rules sets the pace of competition for Russia's regulated crypto market.
Source: BeInCrypto RU