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How to trade with cryptocurrencies.

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Central Bank · · Source

🇷🇺 Russia · Map

How to trade with cryptocurrencies.

How to trade with cryptocurrencies.

Exchanges have the right to launch cryptocurrency trading starting November 22, but they must first agree with the Central Bank of Russia on the rules for conducting such trading. An order setting out requirements for conducting organized trading with digital currencies and digital rights has been registered by the Russian Ministry of Justice.

Exchanges will be required to register cryptocurrency trading participants - brokers, trustees, central counterparties, maintain application and transaction records, and monitor transactions.

Also, auction organizers must calculate price indices - current price, weighted average, market and closing price.

Exchanges should provide information on trading progress and results to the Bank of Russia in the same way as they currently do in relation to other assets.

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