## Russia Accelerates Cryptocurrency Legalization: Two Major Exchanges Prepare to Launch

**Key Highlights:**
- Moscow Exchange and Saint Petersburg Exchange have confirmed support for the new cryptocurrency regulatory framework
- Bitcoin and stablecoins are expected to be recognized as "monetary assets" by 2026
- Both exchanges are actively preparing for the launch of spot trading services

Russia's cryptocurrency ecosystem is undergoing a significant turning point. The regulatory plan introduced by the Central Bank has received responses from the country's two major exchanges. According to the schedule, a pilot phase will begin in March 2025, with full implementation expected by July 2026. This move signifies that digital assets like Bitcoin are about to transition from the gray area into formal regulation.

## Exchanges Are Fully Prepared

The attitudes of Moscow Exchange and Saint Petersburg Exchange are the most direct—they not only support the initiative but have also begun technical preparations. Moscow Exchange claims its existing infrastructure can fully support spot trading, while Saint Petersburg Exchange states it can quickly launch services once the regulatory framework is in place.

Russian Finance Minister Anton Siluanov publicly revealed the government's plans: "We plan to launch a cryptocurrency trading platform for ultra-qualified investors. Cryptocurrency assets are about to be legalized, and those operating in the gray area will come into the light." This statement clearly outlines Russia's future vision for cryptocurrency.

## Bitcoin Market Trends and Market Expectations

According to the latest data, Bitcoin (BTC) is currently trading at $90,570, with a circulating market cap of $1.809 trillion. Over the past 24 hours, it has increased slightly by 0.11%, with a circulating supply approaching 19.97 million coins, close to the maximum supply limit of 21 million. In the entire crypto market, Bitcoin's dominance has reached 55.84%, remaining the undisputed leader.

Analysts generally believe that Russia's regulatory moves will reshape the country's cryptocurrency ecosystem. Introducing formal regulation means institutional oversight and accountability, which are positive signals for attracting institutional capital and boosting investor confidence. Historically, similar regulatory shifts often bring incremental capital and more standardized trading environments to local markets.

_**Risk Warning**: This content is for industry reference only and does not constitute investment advice. Please conduct thorough research and risk assessment before investing in crypto assets._