The Central Bank began consultations with participants of the crypto market on admission to work

The Bank of Russia is holding informal consultations with banks, brokers, depositories, bidding organizers and crypto exchangers about their admission to the legal Russian cryptocurrency market. This was announced at the Moscow Financial Forum by First Deputy Chairman of the Bank of Russia Vladimir Chistyukhin.

It will be possible to apply for licenses and inclusion in the registers after the adoption, publication and entry into force of first-line acts, the first deputy chairman of the Central Bank said. They included documents governing registries and qualification requirements. According to him, non-financial organizations that exchange cryptocurrency also participate in consultations.

Earlier, the Bank of Russia completed the collection of proposals for the draft directive establishing the procedure and conditions for trading digital currencies and digital financial assets in the organized market. At the same time, the regulator published draft capital requirements for digital depositories: at least 50 million rubles, 100 million rubles for working with foreign systems and more than 250 million rubles for settlement depositories. Digital depositories will store and account for digital assets in the organized Russian cryptocurrency market.