Bank of Russia sets access procedures for crypto market participants; digital custodians and trading platforms must be included in the register.
39 minutes ago
Russia’s Central Bank has finalized the market access procedures for crypto market participants, including digital custodians, crypto trading platforms, and digital rights information system operators. According to a statement from the central bank’s press office, all such participants must be included in the relevant register. The regulation outlines qualification requirements for members of the management bodies and specific officials of digital custodians, crypto trading platforms, and information system operators; specifies the list of documents required for access applications; and details the procedures for the central bank to include relevant information in the register. The document also includes simplified access rules for existing market participants, which will submit applications for digital custodian and crypto exchange licenses. The directive standardizes how the central bank maintains the register, updates its data, and publishes register information on its official website. The relevant regulations have been registered with Russia’s Ministry of Justice and will officially take effect on October 5, 2026.
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