The Central Bank of Russia has clarified that exchanges can start cryptocurrency trading from November 22, but they must first obtain regulatory approval of trading rules. The annual purchase limit for general investors through a single intermediary is 300,000 rubles. (Previous summary: Russia allows retail investors to buy BTC, ETH, and USDT! It will take effect on November 17, and the Moscow Exchange aims to open in December) (Background supplement: Putin signed the encryption law! The core provisions took effect on September 1, the same day as the digital ruble was forced to go on the road) The Russian Central Bank announced on November 11 that the exchange will start from November 22, 2026 Starting from today, it has the right to open cryptocurrency transactions, provided that the trading rules are first agreed with the central bank. This directive regulating digital currency and digital rights transactions has been registered with the Russian Ministry of Justice. Participants, commissions and transactions must be included in exchange records. New regulations require exchanges to register crypto trading participants, including brokers, trustee asset managers and central counterparties (CCP). At the same time, the platform must establish commission and transaction records and continuously monitor trading activities. There are also clear requirements for price information. Exchanges must calculate the current price, weighted average price, market price and closing price to provide institutionalized quotation records for crypto asset transactions. The transaction process and results must be reported to the central bank in accordance with the existing procedures for other assets. For an exchange, starting a business is not just about adding the currencies that can be traded, but also simultaneously establishing participant registration, transaction monitoring and information reporting operations. The list of retail investors takes effect on November 17, with an annual purchase limit of 300,000 rubles for each intermediary. On the investor side, the central bank has approved the list of assets that non-qualified investors can purchase on November 6, including Bitcoin (BTC), Ethereum (ETH) and USDT. The directives on the list, which took effect on November 17, regulate which assets can be included in public trading; exchanges must meet separate operational requirements to start business. Non-qualified investors can purchase through brokers, asset managers or cryptocurrency exchangers, including exchanges and over-the-counter markets. However, the total annual purchase through a single intermediary cannot exceed 300,000 rubles. The cryptoassets and purchase limits that qualified investors can trade are not subject to the above restrictions. But no matter which category investors fall into, they must pass the test and read the cryptocurrency investment risk statement before trading. When the central bank selects assets that retail investors can buy, it considers market value, average daily trading volume, and at least five years of quotation history on overseas trading venues. The central bank stated that selecting assets with higher liquidity under these conditions is to reduce the risk of non-qualified investors investing in crypto assets. Related reports Sberbank, Russia’s largest bank, is approved to offer crypto trading! In December, the Russian Central Bank proposed to launch Bitcoin, Ethereum, and USDT: Open BTC, ETH, and USDT exchange trading, with an annual limit of 3,650 mg for retail investors. Russian hardware wallet sales doubled! The new law takes effect on 9/1, and retail investors are turning to self-custody. Russia plans to ban citizen P2P peer-to-peer cryptocurrency transactions in mid-2027. [Russian Central Bank releases crypto transactions: exchanges can open from 11/22, rules must be agreed first] This article was first published in BlockTempo "Dongzone Trends - the most influential blockchain news media".