Russia Sets November 22 Start for Exchange Crypto Trading, Subject to Approval

Résumé détaillé

TL;DR: Russian exchanges may begin cryptocurrency trading from November 22 if their trading rules receive the Bank of Russia’s concurrence. The November 11 announcement sets…

TL;DR: Russian exchanges may begin cryptocurrency trading from November 22 if their trading rules receive the Bank of Russia’s concurrence. The November 11 announcement sets operating requirements for venues. A separate asset-eligibility ordinance takes effect on November 17, so the two dates describe different regulatory steps.

Russia has added another piece to its regulated crypto market framework, with a new ordinance setting the conditions under which exchanges can start trading digital currencies and digital rights. The Bank of Russia’s November 11 notice identifies November 22 as the earliest start under those rules, subject to the regulator agreeing to a venue’s trading arrangements.

That condition matters. An effective date creates a legal opening; it does not show that every exchange is technically ready or that every prospective customer can place an order on the same morning.

Under the announcement, exchanges must register trading participants, maintain records of orders and transactions, and monitor trading. They also have to calculate specified prices and report trading information to the central bank using the procedures applied to other assets.

These requirements address the organisation of a market: who participates, how activity is recorded and what the supervisor can inspect. The notice says the Ministry of Justice has registered the ordinance. It does not name a completed launch at a particular exchange or provide a forecast for trading volumes.

The central bank’s November 6 asset-eligibility announcement set a November 17 effective date for an ordinance covering Bitcoin, Ether and USDT. That notice deals with which assets non-qualified investors may access and the conditions attached to their purchases.

Non-qualified investors face an annual purchase ceiling of 300,000 rubles through a single intermediary. Qualified investors are not subject to that asset-list and purchase-limit restriction.

Reading the announcements together avoids a misleading…

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