Bitcoin Magazine Russia’s Central Bank Clears Exchange to Open Bitcoin and Crypto Trading on Nov. 22
The Bank of Russia said Wednesday that exchanges may start organized trading in cryptocurrencies on Nov. 22, once the central bank has approved their trading rules, a step that lands just ahead of Moscow Exchange’s planned Dec. 1 bitcoin launch.
The ordinance, which amends the Bank of Russia’s rules for organized trading, was registered by the Justice Ministry on Nov. 3 and published Wednesday on the regulator’s site. It takes effect 10 days after publication, on Nov. 22.
Exchanges will have to register the brokers, trust managers and central counterparties that take part in crypto trades, keep registers of orders and deals, and monitor the activity. They must also calculate a current price, a weighted-average price, a market price and a closing price, and report trading activity to the central bank in the same way they already do for other assets.
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