Moscow Exchange Says Crypto Transactions Could Start From…
By Abdelaziz Fathi
AI summary of the source article
Moscow Exchange plans to begin spot cryptocurrency trading on December 1 under Russia's Federal Law No. 282-FZ, moving beyond ruble-settled crypto derivatives into direct digital asset ownership. The exchange has begun testing the service with professional market participants and will rely on a partner digital depository for custody and settlement. Non-qualified investors who pass a risk test can purchase up to 300,000 rubles annually of eligible assets, with the Bank of Russia identifying Bitcoin, Ether, and USDT for public exchange trading. Qualified investors face no purchase caps, while restrictions on using cryptocurrency as a domestic payment method remain.
Why it matters
The move shifts Russia from offering indirect crypto price exposure to providing regulated ownership, trading, and custody integrated directly into conventional financial market infrastructure.
Key facts
- Moscow Exchange plans to launch spot cryptocurrency trading on December 1, having already begun testing with professional participants.
- Non-qualified retail investors can purchase up to 300,000 rubles worth of eligible cryptocurrencies (Bitcoin, Ether, and USDT) per calendar year after passing a test.
- Federal Law No. 282-FZ took effect September 1, allowing existing regulated institutions like brokers and exchanges to intermediate crypto assets while keeping domestic payment bans.