Russia's two major exchanges support the central bank's crypto regulation plan, with pilot programs starting in March 2025.

2025-12-25 05:56:11

【ChainNews】Russia’s crypto market is ushering in new changes. The Moscow Exchange and the Saint Petersburg Exchange recently announced their full support for the Russian Central Bank’s crypto regulatory plan and are preparing to launch crypto asset trading services once the relevant regulations come into effect.

The new regulatory framework classifies Bitcoin and stablecoins as “currency assets,” which must be handled through licensed exchanges or brokerages. Regulatory requirements for crypto custody and trading platforms will be more stringent. Investors are categorized into levels—non-qualified investors can spend up to 300,000 rubles per year on crypto assets, while qualified investors face no quota restrictions (excluding privacy coins).

The timeline indicates that this framework will be implemented by July 1, 2026, at the latest. The pilot project is scheduled to start in March 2025. The two major exchanges are already offering crypto derivatives, so their support for this new framework is quite positive. This suggests that Russia’s crypto ecosystem may soon enter a more regulated and clearer development phase.

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ShitcoinArbitrageur

· 4h ago

Russia is moving quickly, directly integrating big players into the system.

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GweiWatcher

· 4h ago

Wow, Russia is really going to establish a formal army. The 300,000 ruble limit is a bit funny.

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TokenEconomist

· 5h ago

actually, let me break this down—russia's playing the regulatory arbitrage game here. they're basically saying "we'll license it, but only through us," which is classic gatekeeper economics. the 300k ruble cap for retail? that's just friction to reduce systemic risk, ceteris paribus.

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