Russia's two largest stock exchanges, the Moscow Stock Exchange (MOEX) and the St. Petersburg Stock Exchange (SPB), recently confirmed they are ready to launch cryptocurrency trading as soon as the official legal framework is issued. This move indicates Russia is accelerating its preparations for the financial infrastructure to welcome the digital asset market, amidst a strong global trend toward legalizing and regulating cryptocurrencies.
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According to published information, the regulations currently under development will allow both individual and qualified investors to trade cryptocurrencies through traditional exchanges. For individual investors, the total transaction value will be capped at a maximum of 300,000 rubles per year to control risk and protect the general public. Meanwhile, the group of qualified investors, including financial institutions and individuals with high financial capacity, will not be subject to trading caps, except for the exclusion of privacy-focused cryptocurrencies, which often raise concerns for regulators.
