Russia Tightens Grip: New Securities Group to Oversee Crypto Exchanges
Russia's Central Bank has granted NAUFOR self-regulatory organization status for digital depositories and crypto exchanges, operationalizing the new law on digital currencies. This move mandates all registered crypto firms to join an SRO within 90 days, shaping Russia's supervised digital asset market. The framework introduces licensed platforms, retail purchase caps, and state-supervised cross-border trade.
The National Association of Securities Market Participants, known as NAUFOR, has officially secured self-regulatory organization (SRO) status for digital depositories and cryptocurrency exchanges in Russia. This pivotal decision, made by the Central Bank of Russia on October 29 as reported by Interfax, marks a crucial step in translating the nation's
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