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Russian Central Bank: Trading platforms may begin cryptocurrency trading starting November 22.

Nov 11, 22:09

November 11: The Russian Central Bank stated that trading platforms have the right to conduct cryptocurrency trading starting from November 22, but must first complete approval of such trading rules with the Central Bank. The Central Bank's regulations on conducting transactions in digital currencies and digital rights have been registered with the Russian Ministry of Justice.

The Central Bank also clarified that trading platforms must register participants in cryptocurrency transactions, including brokers, trustees, and central counterparties, and must keep records of orders and trades and monitor transactions. Trading organizers are also required to calculate price indicators such as current prices, weighted average prices, market prices, and closing prices, and to report information on trading progress and results to the Central Bank in the same manner as for other assets currently.

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