Russian central bank to allow regulated crypto exchanges from Nov. 22

Russia’s central bank announced on its official website that it will allow regulated, qualified cryptocurrency exchanges to operate from Nov. 22. Before launch, however, exchanges must establish trading operation rules and obtain approval from financial authorities. The Russian central bank said exchanges will be required to register trading participants including brokers, asset managers and central clearing institutions, while also managing order and transaction records and carrying out trade monitoring. It added that exchanges must calculate price indicators such as current prices, volume-weighted average prices, market prices and closing prices, and report trading conditions and results to the central bank. CoinNess previously reported that the Russian central bank had allowed individual investors, or non-qualified investors, to invest in BTC, ETH and USDT.