Moscow Exchange Sets December 1 Launch for Regulated Crypto Trading in Russia
Moscow Exchange set December 1 as the date for regulated cryptocurrency trading to begin, after testing with professional market participants was already underway. Russia’s new framework for the market was in place by September 1, and the Bank of Russia set a 300,000-ruble annual purchase cap for non-qualified investors through each intermediary.
What this rests on
What it means
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Users and market participants who want access to the new service will notice that the exchange is moving from testing into a scheduled launch window. The service is set to begin on December 1, and professional market participants were already part of the testing phase.
In practice, the market is shifting from a test phase into a regulated trading setup that uses existing exchange infrastructure and active licenses. The broader framework is already in force, and non-qualified investors remain subject to the Bank of Russia’s 300,000-ruble annual cap through each intermediary.
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
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Has this happened before?
Nothing comparable yet.