Russia's Central Bank Says First Licensed Crypto Firms May Appear by Year-End
- —Chistyukhin: licenses and register entry possible by year-end if Justice Ministry registers acts on time
- —Bank of Russia approved BTC, ETH and USDT for public trading on domestic exchanges
- —Non-qualified investors capped at 300,000 rubles per year per intermediary
- —Capital requirements for digital depositories set at 50–250 million rubles
Why it matters: A legal crypto market in Russia would open regulated access to BTC, ETH and USDT and set the framework for the industry.
Source: BeInCrypto RU