Russia's Central Bank Approves NAUFOR as Self-Regulatory Body for Crypto Exchanges

Russia's Central Bank granted self-regulatory organization status to NAUFOR on October 29, 2026, enabling it to oversee digital depositories and crypto exchanges. The move implements the "On Digital Currency and Digital Rights" law passed in July, requiring the 23 registered crypto exchanges and eight digital depositories — including Sberbank and VTB — to join an SRO within 90 days. NAUFOR, which has 725 members from traditional finance, will shape industry standards and represent the sector to regulators.