Russian Central Bank to Allow Cryptocurrency Trading on Local Exchanges
Key Facts
The Russian central bank confirmed it will allow trading of cryptocurrencies including Bitcoin, Ethereum, and Tether starting November 22, 2026. Yahoo Finance reported that the Moscow Exchange, which is currently under US sanctions, is scheduled to begin trading operations by December 1. This move marks a reversal of the central bank's long-standing opposition to allowing digital assets within the domestic financial system.
Exchanges must obtain central bank approval, register brokers, and report every transaction under the new regulatory framework. The policy aims to establish a regulated environment for digital assets, though US sanctions on the Moscow Exchange raise concerns regarding price disparities compared to global markets. These developments follow the Russian Services PMI recording a level of 50.1 on November 5, 2026.
Significant Russian economic data is scheduled for release on November 13, 2026, including the annual GDP growth rate and the annual inflation rate. These indicators may provide broader context for the economic conditions surrounding the launch of cryptocurrency trading on local exchanges.