Russia’s regulated crypto trading opens in December, with major players set to lead

Russia’s biggest banks and stock exchanges, often sanctioned, are going to tap into crypto profits next month, with regulated coin trading set to commence on the first day of December. Small crypto firms are finding it hard to meet Moscow’s strict new requirements while foreign platforms keep exiting its “sovereign” market, which aims to account for 50 billion rubles in daily turnover. Sberbank and MOEX to begin crypto trading on December 1 Russia is preparing for the launch of legal crypto trading less than a month from now, after its government legalized the business this past summer. Plans announced earlier this year are now coming to fruition and well-established financial players are gearing up to offer Russians’ regulated access to digital assets.

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