Moscow Exchange Plans to Launch Regulated Crypto Trading on December 1

Odaily News: Russia's largest stock exchange, the Moscow Exchange, is conducting a pilot for crypto trading with professional participants and plans to launch regulated cryptocurrency trading services on December 1. Boris Blokhin, Managing Director of the exchange's securities market, said that relevant testing began a week ago.

Boris Blokhin noted that the Moscow Exchange's existing license already covers cryptocurrency trading services, and no additional permits or licenses are required. Russia's relevant cryptocurrency market regulations took effect on September 1, allowing citizens to trade cryptocurrencies on domestic exchanges licensed by the Bank of Russia.

Investors who do not qualify as accredited investors will face investment amount limits, and trading will be restricted to Bitcoin, Ethereum, and USDT. Sberbank estimates that Russia's cryptocurrency trading volume will reach at least 4 trillion rubles in the first year, with only 20% completed through exchanges, while the remaining approximately 80% will still occur through unregulated channels. (Bitcoin.com News)