Russia’s two major exchanges plan to launch compliant crypto trading in 2026

Moscow Exchange (MOEX) and St. Petersburg Exchange (SPB) have announced their support for the comprehensive crypto regulatory framework proposed by the Central Bank of Russia, and plan to launch crypto asset trading after the regulations come into effect. The framework classifies Bitcoin and stablecoins as "monetary assets," with trading to be conducted through licensed exchanges and brokers, and requires stricter standards for crypto custody and trading platforms. The annual purchase limit for non-qualified investors is proposed to be set at 300,000 rubles, while there will be no limit for qualified investors except for privacy coins. The regulatory framework is expected to come into force no later than July 1, 2026, with a pilot program starting in March 2025. MOEX and SPB have already provided crypto derivatives trading services.