Bank of Russia admits first digital depositories and cryptocurrency exchanges to financial market
The regulator has included the first five organisations in the register of digital depositories and four entities in the register of organisations conducting digital currency exchange activities. These participants were admitted to the financial market pursuant to the transitional provisions of the law ‘On Digital Currencies and Digital Rights’ that came into force on 1 September 2026.
From the date of inclusion in the registers, these organisations must comply with the rules for executing and recording transactions and operations with digital currencies and digital rights. Furthermore, they are obliged to bring their activities into compliance with the legislation on digital currencies and digital rights before 1 September 2027.
Digital depositories may provide services for recording and transferring digital currencies and digital rights and grant clients access to address identifiers where such assets are recorded. Cryptocurrency exchanges may purchase and sell digital currencies on their own behalf and on their own account outside organised trading.
The inclusion of the first entities in the registers is an important step in establishing a regulated infrastructure of the Russian digital currency market.