Russia's Major Stock Exchanges Plan Crypto Trading Launch Under New Regulatory Framework

Source: CryptoNewsNet Original Title: Russia’s top stock exchanges plan to launch crypto trading once legal framework is in place Original Link:

Overview

Russia’s two dominant stock exchanges—Moscow Exchange (MOEX) and St. Petersburg Exchange—plan to launch crypto trading once the legal framework is finalized, following the Bank of Russia’s new proposal to open the crypto market to both retail and qualified investors.

Exchange Readiness

Both exchanges have signaled long-standing preparedness for crypto offerings. MOEX noted that the proposed regulatory approach builds on experience in the foreign exchange market, where they have established strong capabilities in trading, clearing, and settlement technologies.

Exchanges have already developed infrastructure and tools for the crypto market and are ready to launch trading once regulations are finalized. Major brokers and asset managers are simultaneously testing custody and accounting systems and preparing products ranging from spot crypto and stablecoins to trust strategies and funds.

Proposed Regulatory Framework

Under the new framework:

• Retail investors are limited to transactions of up to 300,000 rubles per year on highly liquid tokens, using designated intermediaries
• Professional investors face no transaction caps but cannot purchase anonymous cryptocurrencies
• Crypto maintains its classification as a high-risk asset
• Domestic payments using crypto are prohibited
• Increased regulations apply to crypto depositories and exchanges

Timeline

Finalized legislative changes are targeted for July 1, 2026, with enforcement provisions—particularly regarding illegal activities by intermediaries—effective from July 1, 2027.

Market Opportunity

Russian exchanges and brokers see this regulatory opening as an opportunity to bring millions of Russian users from the gray market into licensed investment channels.