Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance

Russia is expected to begin accepting applications from crypto exchanges on October 5 under a proposed regulatory framework. However, the framework has not granted Bitcoin or other cryptocurrencies final approval for unrestricted retail use, leaving exchange operations and consumer access subject to further legislation and regulatory decisions. The key implication is that Russia is moving toward formalized crypto-market oversight, but Bitcoin’s status for ordinary retail transactions remains unresolved.