Regulation· ★★★★· bullish·

Bank of Russia: Moving Your Own Crypto to a Custodian Needs No Risk Test

  • —Moving crypto from a personal wallet to a depository needs no risk test
  • —Investor status obtained before September 1 applies to crypto operations
  • —Crypto exchanges must settle with clients at the moment of the trade
  • —Banks may value crypto assets using foreign exchange quotes
Why it matters: The clarifications remove a barrier for Russians to move existing crypto into regulated infrastructure ahead of organized trading.
Source: BitNovosti
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