Bank of Russia approves NAUFOR as first self-regulatory body for crypto exchanges

What sources claim

• Bitcoin Magazine reported, citing Interfax, that the Bank of Russia approved NAUFOR as the country's first self-regulatory organization for crypto exchanges and digital depositories, with the decision made on October 29.
• According to Bitcoin Magazine, the registry lists 23 crypto exchanges and eight digital depositories, including VTB, Sberbank and units of T-Technologies, and firms on those registries have 90 days to join an SRO.
• Bitcoin Magazine reported that under Russia's framework non-qualified retail buyers can purchase up to 300,000 rubles a year through a single intermediary, while qualified investors face higher ceilings.

Still unresolved

• Which specific exchanges have confirmed they will join NAUFOR within the 90-day window, and whether NAUFOR has published membership or standards timelines?
• Will the Bank of Russia or NAUFOR publish formal rules on custody and restrictions on transfers to personal wallets, and what would those rules require of depositories?

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