Central Bank of Russia Establishes Access Procedures for Cryptocurrency Market Participants, Effective October 2026

The Central Bank of Russia has established market access procedures for digital custodians, cryptocurrency exchanges, and operators of digital rights information systems, requiring relevant participants to be included in the corresponding registries. The regulations outline the qualification requirements for members of the relevant regulatory bodies and specific officials, the list of application documents, and the registration procedures, while providing simplified access rules for existing market participants. The relevant regulations have been registered with the Russian Ministry of Justice and will come into effect on October 5, 2026.