Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance
Applications can begin under the new rules, while firms still need Bank of Russia decisions and retail asset eligibility remains separate.
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Applications can begin under the new rules, while firms still need Bank of Russia decisions and retail asset eligibility remains separate.
Trump’s new law sets the clock, but rates, targets and energy-market spillovers will decide whether crypto feels it.
All 12 systemically significant banks are ready, while the first retailer mandate applies only above a revenue threshold and with a qualifying bank agreement.
Most provisions took effect Sept. 1, but draft rules and a July 2027 transition limit what can operate now.
The Bank of Russia’s proposed gate caps non-qualified residents at ₽300,000 per broker while qualified investors retain broader access.
U.S. persons must block and report covered property while foreign institutions risk sanctions for significant continued dealings.
The reported December launch matters because Russia’s new rules may make custody, limits, and compliance the price of legal access.
The ELR gives selected firms a legal route, but wallets, exchanges, counterparties, and issuers still face pressure.
Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions. And according to British authorities, Russia may have spent much of that same period engineering an alternative financial system designed to circumvent it …
Russia’s recent messaging crackdown is the cleanest real-world stress test of decentralization in years, and it produced an awkward result. Roskomnadzor began throttling Telegram on Feb. 10, citing “non-compliance.” Two days later, authorities fully blocked WhatsApp, removing its domains from Russia's national registry and forcing users toward VPNs or MAX, a state-backed messenger that critics …
The European Commission's 20th sanctions package proposes a comprehensive ban on all cryptocurrency transactions involving Russia, an escalation from targeting specific bad actors to attempting to sanitize the rails themselves. The question is whether the EU can raise the cost of evasion sufficiently by controlling chokepoints: regulated exchanges, stablecoin issuers, and third-country financial intermediaries.
According to Gold Telegraph, it’s “likely” that Russia is buying silver for its reserves, sending shockwaves through precious metals markets. For the first time, a central bank is disclosed to be actively accumulating silver, marking a sharp shift in global reserve strategy and a “monumental” moment for silver itself. A new era if Russia is …
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