PANews reported on May 16th that, according to Bits Media, a Moscow-based cryptocurrency exchange is in discussions with brokerages to launch a spot cryptocurrency trading solution on its platform, potentially offering 24/7 trading. The exchange is also discussing the introduction of dedicated cryptocurrency trading accounts and testing cryptocurrency deposits and withdrawals; some brokerages have already participated in the testing.

The Russian State Duma has passed the first reading of the "Cryptocurrency and Digital Rights Bill," which stipulates that Russian citizens can only legally purchase cryptocurrencies through licensed intermediaries such as exchanges and brokers. According to the bill, for a cryptocurrency to be listed on an exchange, it must meet the requirements of the Central Bank of Russia: an average market capitalization exceeding 5 trillion rubles over two years, an average daily trading volume exceeding 1 trillion rubles over two years, and at least five years of trading history. Only the largest cryptocurrencies by market capitalization, such as Bitcoin, Ethereum, and SOL, meet these criteria.