Russia's Central Bank sets admission rules for crypto exchangers and digital depositories
- —Admission rules take effect on October 5 after Justice Ministry registration
- —Firms may operate only after inclusion in the Bank of Russia registries
- —Qualification requirements for management and a document list are set
- —A simplified admission path is provided for existing market players
Why it matters: The launch of the registries paves the way for legal crypto exchange operations in Russia, with first licenses expected by year-end.
Source: ForkLog