Russia's Central Bank Approves Regulatory Body

Russia's Central Bank Approves Regulatory Body
🧐 Background

💡 Russia's central bank has approved NAUFOR as the self-regulatory organization for exchanges

🔥 Russia's new crypto law makes membership in this organization mandatory

Focus

🧐 All registered companies must join this body within the next ninety days

💡 The decision formalizes oversight of exchanges and custodians of digital assets

Implications

💡 The move provides a clear legal framework for the crypto market

🧐 Mandatory membership helps bring structure to the activities of market participants

Conclusion

🧐 Approval of this organization is a serious step toward organizing and supervising Russia's crypto market

#Russia #Crypto #Central_Bank #Regulation