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Russia's central bank registers NAUFOR as first crypto self-regulatory body

Russia's central bank has approved NAUFOR as its first self-regulatory body for crypto exchanges and custodians, initiating a 90-day window for registered firms to join.

Exterior view of the Bank of Russia headquarters building illuminated at night with the Russian flag flying overhead.
Image: @blocknewsdotcom

Russia's central bank has officially registered its first oversight body for cryptocurrency exchanges under the country's new regulatory framework, according to reports from Watcher.Guru and BlockNews. Bitcoin Magazine reported that the central bank approved NAUFOR to serve as a self-regulatory organization covering crypto exchanges and custodians.[2][1][3]

Under Russia's updated crypto laws, all registered cryptocurrency firms are required to join a self-regulatory organization within the next 90 days. Crypto Briefing reported that the self-regulatory designation also covers crypto exchangers and depositories, noting that the move may bolster crypto market confidence, influence major financial institutions, and potentially impact the future of Bitcoin.[3][4]

Key facts

  • Russia's central bank officially registered its first organization to oversee cryptocurrency exchanges under new regulatory rules.
  • The central bank approved NAUFOR as a self-regulatory body for crypto exchanges and custodians.
  • All registered crypto firms in Russia must join a self-regulatory organization within the next 90 days.
  • Crypto Briefing reported the registered self-regulatory body covers crypto exchangers and depositories.

Sources 路 4 sources

  1. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: 馃嚪馃嚭 Russia's central bank officially registers its FIRST organization to oversee cryptocurrency exchanges under the country's new regulations! https://t.co/EUNkCmt0Z4

    Open source
  2. WG

    Watcher.Guru@WatcherGuruPost on X 路

    JUST IN: 馃嚪馃嚭 Russia's central bank officially registers its first regulatory organization for crypto exchanges.

    Open source
  3. BM

    Bitcoin Magazine@BitcoinMagazinePost on X 路

    JUST IN: 馃嚪馃嚭 Russia's central bank approved NAUFOR as a self-regulatory body for crypto exchanges and custodians. 馃憖 Russia's new crypto law requires all registered crypto firms to join a self-regulatory organization within the next 90 days. https://t.co/pchpFYg6KP

    Open source
  4. CB

    Crypto BriefingArticle 路

    Russia registers first self-regulatory body for crypto exchangers, depositories Russia's regulatory move may boost crypto market confidence, influencing major financial institutions and potentially impacting Bitcoin's future. The post Russia registers first self-regulatory body for crypto exchangers, depositories appeared first on Crypto Briefing .

    Open source