The Bank of Russia said on October 6 that it registered the country’s first operators under its new digital currency framework, adding five organizations to the digital depositary register and four to the crypto exchange register. The approvals mark the first formal market entries under rules that took effect on September 1, 2026.
Registered digital depositaries can provide accounting and transfer services for digital currencies and digital rights, while crypto exchange operators can buy and sell digital currencies on their own behalf and for their own account outside organized trading venues. The framework brings these businesses closer to regulated financial infrastructure, while readers can review how a cryptocurrency exchange works and what role it plays in digital asset markets.
The newly registered firms must follow transaction and accounting rules immediately and bring their broader operations fully into compliance with digital currency legislation by September 1, 2027. That transition deadline is now the main regulatory milestone, as Russia builds out a formally supervised infrastructure for digital asset exchange and custody services.
Source: Bank of Russia.
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